Teradyne Short Interest Down 26.1% in July (TER)
Shares of Teradyne (NYSE:TER) were the target of a significant decline in short interest in July. As of July 31st, there was short interest totalling 23,314,289 shares, a decline of 26.1% from the July 15th total of 31,531,687 shares, AnalystRatingsNetwork.com reports. Currently, 12.1% of the shares of the stock are short sold. Based on an average daily volume of 3,916,802 shares, the short-interest ratio is currently 6.0 days.
In other Teradyne news, Director Michael A. Bradley sold 96,038 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $19.02, for a total transaction of $1,826,642.76. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on TER shares. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Teradyne in a research note on Friday, July 25th. They now have a $19.50 price target on the stock, up previously from $19.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Teradyne in a research note on Thursday, July 24th. They now have a $20.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Teradyne from $23.00 to $24.00 in a research note on Friday, June 27th. They now have a “positive” rating on the stock. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $22.05.
Teradyne (NYSE:TER) opened at 19.13 on Monday. Teradyne has a one year low of $15.22 and a one year high of $20.72. The stock has a 50-day moving average of $19.21 and a 200-day moving average of $19.05. The company has a market cap of $3.915 billion and a P/E ratio of 22.63.
Teradyne (NYSE:TER) last announced its earnings results on Wednesday, July 23rd. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.12. The company had revenue of $525.60 million for the quarter, compared to the consensus estimate of $479.51 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. On average, analysts predict that Teradyne will post $1.23 earnings per share for the current fiscal year.
Teradyne, Inc (NYSE:TER) is a supplier of automatic test equipment.
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