Teradyne (TER) is Downgraded by Craig Hallum to Hold

Teradyne (TER) was Downgraded by Craig Hallum to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Craig Hallum advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on Teradyne. Company shares were Reiterated by DA Davidson on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 25 from a previous price target of $24 .Teradyne was Downgraded by Stifel to ” Hold” on Jul 21, 2016. Needham Initiated Teradyne on Jul 7, 2016 to “Buy”, Price Target of the shares are set at $23.

On the company’s financial health, Teradyne reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.50. The company had revenue of $532.00 million for the quarter, compared to analysts expectations of $526.74 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Teradyne closed down -0.7 points or -3.31% at $20.45 with 71,53,247 shares getting traded on Thursday. Post opening the session at $19.74, the shares hit an intraday low of $19.74 and an intraday high of $21.33 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 12, 2016, Daniel W Christman (director) sold 3,668 shares at $18.86 per share price. According to the SEC, on Mar 21, 2016, Michael A Bradley (director) sold 34,000 shares at $20.85 per share price. On Feb 2, 2016, Charles Jeffrey Gray (VP,General Counsel & Secretary) sold 17,000 shares at $19.21 per share price, according to the Form-4 filing with the securities and exchange commission.

Teradyne Inc. (Teradyne) is a supplier of automatic test equipment. The Company operates in three segments: Semiconductor Test Wireless Test and System Test. The Company’s automatic test equipment products and services include semiconductor test (Semiconductor Test) systems wireless test (Wireless Test) systems and defense/aerospace (Defense/Aerospace) test instrumentation and systems storage test (Storage Test) systems and circuit-board test and inspection (Production Board Test) systems (collectively System Test). The Company has a customer base which includes integrated device manufacturers outsourced semiconductor assembly and test providers wafer foundries fabless companies that design but contract with others for the manufacture of integrated circuits developers of wireless devices and consumer electronics manufacturers of circuit boards automotive suppliers wireless product manufacturers storage device manufacturers aerospace and military contractors.


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