Notable Runner: Is Buying 52-Week Stock Like Teradyne, Inc. a Winning Strategy?

Notable Runner: Is Buying 52 Week Stock Like Teradyne, Inc. a Winning Strategy?

The stock of Teradyne, Inc. (NYSE:TER) hit a new 52-week high and has $34.61 target or 42.00% above today’s $24.37 share price. The 9 months bullish chart indicates low risk for the $5.00B company. The 1-year high was reported on Nov, 16 by If the $34.61 price target is reached, the company will be worth $2.10B 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 220,084 shares traded hands. Teradyne, Inc. (NYSE:TER) has risen 16.67% since April 14, 2016 and is uptrending. It has outperformed by 11.99% the S&P500.

Teradyne, Inc. (NYSE:TER) Ratings Coverage

Out of 12 analysts covering Teradyne (NYSE:TER), 5 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 42% are positive. Teradyne has been the topic of 18 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Citigroup on Tuesday, September 15. The firm has “Sector Weight” rating given on Thursday, October 29 by Pacific Crest. The stock has “Buy” rating given by Sidoti on Wednesday, September 23. The stock of Teradyne, Inc. (NYSE:TER) earned “Hold” rating by Stifel Nicolaus on Thursday, July 21. The firm earned “Buy” rating on Friday, July 29 by DA Davidson. On Tuesday, August 25 the stock rating was upgraded by Craig Hallum to “Hold”. Cowen & Co maintained the shares of TER in a report on Friday, October 28 with “Outperform” rating. The stock has “Overweight” rating given by Pacific Crest on Monday, September 21. The rating was upgraded by Evercore to “Buy” on Thursday, December 17. Susquehanna maintained the stock with “Neutral” rating in Monday, September 21 report.

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 2016 Q2. Its down 0.15, from 1.25 in 2016Q1. The ratio is negative, 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.
Checchi Cap Advisers Ltd holds 0% or 1,000 shares in its portfolio. Swiss Commercial Bank holds 344,500 shares or 0.01% of its portfolio. Macquarie Ltd holds 0.1% of its portfolio in Teradyne, Inc. (NYSE:TER) for 2.65 million shares. Blackrock Fund Advsr last reported 7.42M shares in the company. Hl Financial Limited Liability Com last reported 0.04% of its portfolio in the stock. Thrivent Financial For Lutherans last reported 0.28% of its portfolio in the stock. Mutual Of America Cap Mngmt Ltd Company, a New York-based fund reported 148,813 shares. Moreover, Baillie Gifford And has 0.6% invested in Teradyne, Inc. (NYSE:TER) for 17.11 million shares. Blackrock Advisors Ltd Liability accumulated 1.11 million shares or 0.02% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 5,812 shares. Voya Invest Management Limited Liability Com accumulated 66,650 shares or 0% of the stock. Lazard Asset Mngmt Ltd, a New York-based fund reported 3.76M shares. Goldman Sachs Group Incorporated holds 0.01% or 1.90M shares in its portfolio. Great West Life Assurance Can has invested 0% of its portfolio in Teradyne, Inc. (NYSE:TER). The Ontario – Canada-based Td Asset Mngmt Inc has invested 0.03% in Teradyne, Inc. (NYSE:TER).

Insider Transactions: Since August 25, 2016, the stock had 0 buys, and 5 insider sales for $2.81 million net activity. BRADLEY MICHAEL A had sold 31,502 shares worth $667,522 on Friday, August 26.

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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