The stock of Teradyne, Inc. (NYSE:TER) hit a new 52-week high and has $29.74 target or 36.00% above today’s $21.87 share price. The 8 months bullish chart indicates low risk for the $4.42 billion company. The 1-year high was reported on Oct, 10 by Barchart.com. If the $29.74 price target is reached, the company will be worth $1.59 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 254,169 shares traded hands. Teradyne, Inc. (NYSE:TER) has risen 9.26% since March 7, 2016 and is uptrending. It has outperformed by 1.67% the S&P500.
Analysts await Teradyne, Inc. (NYSE:TER) to report earnings on October, 25. They expect $0.27 EPS, down 32.50% or $0.13 from last year’s $0.4 per share. TER’s profit will be $54.57M for 20.25 P/E if the $0.27 EPS becomes a reality. After $0.55 actual EPS reported by Teradyne, Inc. for the previous quarter, Wall Street now forecasts -50.91% negative EPS growth.
Teradyne, Inc. (NYSE:TER) Ratings Coverage
Out of 10 analysts covering Teradyne (NYSE:TER), 4 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 40% are positive. Teradyne has been the topic of 16 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, July 29 by Craig Hallum. Susquehanna maintained the shares of TER in a report on Monday, September 21 with “Neutral” rating. Pacific Crest maintained Teradyne, Inc. (NYSE:TER) on Monday, September 21 with “Overweight” rating. The rating was upgraded by Evercore to “Buy” on Thursday, December 17. The firm earned “Neutral” rating on Tuesday, August 25 by Credit Suisse. Sidoti maintained it with “Buy” rating and $24 target price in Wednesday, September 23 report. The stock of Teradyne, Inc. (NYSE:TER) has “Buy” rating given on Tuesday, September 15 by Citigroup. Craig Hallum upgraded the shares of TER in a report on Tuesday, August 25 to “Hold” rating. The company was downgraded on Thursday, October 29 by Pacific Crest. DA Davidson maintained the shares of TER in a report on Friday, July 29 with “Buy” rating.
According to Zacks Investment Research, “Teradyne, Inc. is a manufacturer of automatic test equipment and related software for the electronics and communications industries. Products include systems to test semiconductors, circuit-boards, telephone lines and networks, and software. The company is also a manufacturer of backplanes and associated connectors used in electronic systems.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 0.15, from 1.25 in 2016Q1. The ratio worsened, as 28 funds sold all Teradyne, Inc. shares owned while 102 reduced positions. 42 funds bought stakes while 101 increased positions. They now own 181.79 million shares or 5.59% less from 192.56 million shares in 2016Q1.
Blackrock Institutional Na accumulated 0.02% or 6.04M shares. Ftb Advsrs Inc holds 0% or 1,030 shares in its portfolio. The Delaware-based Dupont Cap Mngmt has invested 0.02% in Teradyne, Inc. (NYSE:TER). Wexford Cap L P has 23,200 shares for 0.08% of their US portfolio. Citadel Ltd Llc has invested 0% of its portfolio in Teradyne, Inc. (NYSE:TER). Joel Isaacson And Ltd, a New York-based fund reported 668 shares. Alliancebernstein Lp holds 182,587 shares or 0% of its portfolio. New York State Teachers Retirement Sys accumulated 0.02% or 386,556 shares. Td Asset Mngmt Inc last reported 0.03% of its portfolio in the stock. Canada Pension Plan Inv Board owns 1.49 million shares or 0.12% of their US portfolio. Sg Americas Secs Ltd Co accumulated 66,468 shares or 0.01% of the stock. Dalton Greiner Hartman Maher & Company holds 546,222 shares or 0.67% of its portfolio. The Illinois-based Lsv Asset Mngmt has invested 0.06% in Teradyne, Inc. (NYSE:TER). Cubist Systematic Strategies Ltd Company holds 0.06% or 50,640 shares in its portfolio. Panagora Asset Management last reported 774,680 shares in the company.
Insider Transactions: Since May 10, 2016, the stock had 0 insider purchases, and 4 sales for $2.41 million net activity. CHRISTMAN DANIEL W sold $69,178 worth of stock. On Friday, August 26 BRADLEY MICHAEL A sold $667,522 worth of the stock or 31,502 shares.
Another recent and important Teradyne, Inc. (NYSE:TER) news was published by Businesswire.com which published an article titled: “Teradyne Inc. Announces New Universal Robots President” on October 03, 2016.
TER Company Profile
Teradyne, Inc. (Teradyne), incorporated on September 23, 1960, is a supplier of automation equipment for test and industrial applications. The Firm designs, develops, makes and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries. The Firm operates through four divisions: Semiconductor Test, System Test, Wireless Test and Industrial Automation.
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