The stock of Teradyne, Inc. (NYSE:TER) hit a new 52-week high and has $31.08 target or 26.00% above today’s $24.67 share price. The 9 months bullish chart indicates low risk for the $4.98 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $31.08 price target is reached, the company will be worth $1.29B 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 839,609 shares traded hands. Teradyne, Inc. (NYSE:TER) has risen 19.53% since April 19, 2016 and is uptrending. It has outperformed by 15.67% 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. BMO Capital Markets maintained the shares of TER in a report on Friday, October 28 with “Market Perform” rating. The rating was upgraded by Craig Hallum to “Hold” on Tuesday, August 25. The firm has “Neutral” rating given on Wednesday, February 3 by Goldman Sachs. The firm has “Hold” rating given on Friday, July 29 by Craig Hallum. The firm has “Neutral” rating by Susquehanna given on Monday, September 21. The stock has “Sector Weight” rating given by Pacific Crest on Thursday, October 29. The stock of Teradyne, Inc. (NYSE:TER) earned “Hold” rating by Stifel Nicolaus on Thursday, July 21. On Tuesday, August 25 the stock rating was upgraded by Credit Suisse to “Neutral”. The rating was maintained by Cowen & Co with “Outperform” on Friday, October 28. The stock of Teradyne, Inc. (NYSE:TER) earned “Buy” rating by Citigroup on Tuesday, September 15.
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 0.85 in Q2 2016. Its down 0.25, from 1.1 in 2016Q1. The ratio dived, 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.
Md Sass Invsts Ser accumulated 0.23% or 242,675 shares. Schwab Charles Mngmt Incorporated holds 0.03% or 1.29M shares in its portfolio. Blackrock Gru Ltd holds 382,115 shares or 0% of its portfolio. Moreover, Advantus Capital has 0.01% invested in Teradyne, Inc. (NYSE:TER) for 24,607 shares. Moreover, Herald Inv Management has 0.23% invested in Teradyne, Inc. (NYSE:TER) for 28,000 shares. Blackrock Mngmt Ltd Llc accumulated 1.33M shares or 0.03% of the stock. Price T Rowe Assoc Inc Md holds 1.90M shares or 0.01% of its portfolio. Moreover, Shelton Capital Management has 0.04% invested in Teradyne, Inc. (NYSE:TER) for 20,500 shares. At Bancorporation has 130,252 shares for 0.38% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 5,812 shares. Dekabank Deutsche Girozentrale last reported 82,600 shares in the company. Nordea Investment accumulated 149,543 shares or 0.01% of the stock. Credit Agricole S A accumulated 0% or 11,740 shares. Moreover, Tower Research Cap Ltd Limited Liability Company (Trc) has 0.01% invested in Teradyne, Inc. (NYSE:TER) for 5,283 shares. Icon Advisers Co, a Colorado-based fund reported 62,809 shares.
Insider Transactions: Since August 25, 2016, the stock had 0 insider buys, and 5 insider sales for $2.81 million net activity. 15,000 shares with value of $320,850 were sold by BRADLEY MICHAEL A on Tuesday, August 30.
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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