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Teradyne Inc. (NYSE:TER) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.36-0.43 for the period, compared to the Thomson Reuters consensus estimate of $0.49, AnalystRatings.NET reports. The company issued revenue guidance of $460-490 million, compared to the consensus revenue estimate of $475.18 million.

Several analysts have recently commented on the stock. Analysts at ISI Group initiated coverage on shares of Teradyne in a research note on Thursday, April 10th. They set a buy rating and a $24.00 price target on the stock. On a related note, analysts at Zacks upgraded shares of Teradyne from an underperform rating to a neutral rating in a research note on Tuesday, March 18th. They now have a $20.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Teradyne from $20.00 to $21.50 in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $22.09.

Shares of Teradyne Inc. (NYSE:TER) traded down 1.03% on Wednesday, hitting $19.18. 1,937,786 shares of the company’s stock traded hands. Teradyne Inc. has a one year low of $14.75 and a one year high of $20.72. The stock’s 50-day moving average is $19.60 and its 200-day moving average is $18.28. The company has a market cap of $3.720 billion and a P/E ratio of 27.69. Teradyne also was the target of a significant drop in short interest in January. As of March 31st, there was short interest totalling 37,648,464 shares, a drop of 25.8% from the March 14th total of 50,750,370 shares. Approximately 19.5% of the company’s stock are short sold. Based on an average daily trading volume, of 2,022,763 shares, the days-to-cover ratio is currently 18.6 days.

Teradyne (NYSE:TER) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.04. The company had revenue of $321.01 million for the quarter, compared to the consensus estimate of $314.57 million. During the same quarter last year, the company posted $0.09 earnings per share. Teradyne’s revenue was up 12.5% compared to the same quarter last year. On average, analysts predict that Teradyne Inc. will post $1.34 earnings per share for the current fiscal year.

Teradyne, Inc is a supplier of automatic test equipment. The Company designs, develops, manufactures and sells automatic test systems and solutions used to test semiconductors, wireless products, hard disk drives and circuit boards in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.

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