Teradyne (TER) is Initiated by Needham to Buy, Price Target at $23

Teradyne (TER) was Initiated by Needham to “Buy” and the brokerage firm has set the Price Target at $23. Needham advised their investors in a research report released on Jul 7, 2016.

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 closed down -0.28 points or -1.44% at $19.17 with 10,31,834 shares getting traded on Tuesday. Post opening the session at $19.26, the shares hit an intraday low of $19.06 and an intraday high of $19.42 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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