Teradyne (TER) has been under a strong bear grip, hence the stock is down -0.57% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.82% in the past 1 week. The stock has risen by 3.78% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.19% in the past 4 weeks.
Teradyne Inc. is up 10.9% in the last 3-month period. Year-to-Date the stock performance stands at 1.46%. The stock has recorded a 20-day Moving Average of 3.03% and the 50-Day Moving Average is 4.08%.
Teradyne (NYSE:TER): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.63 and $20.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.84, notching a gain of 1.17% for the day. The total traded volume was 1,457,402 . The stock had closed at $20.60 on the previous day.
Also, Equity Analysts at the Brokerage Firm, UBS, maintains their rating on the shares of Teradyne (NYSE:TER). UBS has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $23.5 per share from a prior target of $26. The rating by the firm was issued on July 29, 2016.
Teradyne, Inc. (Teradyne) is a supplier of automatic test equipment. The Company operates in three segments: Semiconductor Test, Wireless Test and System Test. The Companys 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.