Teradyne (TER) is Downgraded by Stifel to Hold

Teradyne (TER) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Jul 21, 2016.

Many Wall Street Analysts have commented on Teradyne. 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 $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.27. The company had revenue of $431.00 million for the quarter, compared to analysts expectations of $425.74 million. The company’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Teradyne opened for trading at $20.92 and hit $21.33 on the upside on Wednesday, eventually ending the session at $21.33, with a gain of 2.50% or 0.52 points. The heightened volatility saw the trading volume jump to 21,49,456 shares. Company has a market cap of $4,334 M.

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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