Teradyne Sees Large Drop in Short Interest (TER)
Shares of Teradyne (NYSE:TER) saw a significant drop in short interest during the month of 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, AnalystRatingsNetwork.com reports. Currently, 19.5% of the company’s stock are short sold. Based on an average daily volume of 2,022,763 shares, the short-interest ratio is presently 18.6 days.
A number of research firms have recently commented on TER. 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. Separately, 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 investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Teradyne presently has an average rating of “Buy” and a consensus target price of $22.09.
Teradyne (NYSE:TER) opened at 19.38 on Wednesday. Teradyne has a one year low of $14.59 and a one year high of $20.72. The stock has a 50-day moving average of $19.60 and a 200-day moving average of $18.27. The company has a market cap of $3.759 billion and a P/E ratio of 27.19.
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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