Could Teradyne Inc (NYSE:TER) Change Direction After More Shorts?

April 16, 2018 - By Rusty Cady

Teradyne, Inc. (NYSE:TER) Logo

Investors sentiment decreased to 0.95 in Q4 2017. Its down 0.01, from 0.96 in 2017Q3. It dived, as 27 investors sold Teradyne, Inc. shares while 145 reduced holdings. 63 funds opened positions while 100 raised stakes. 185.57 million shares or 0.01% more from 185.56 million shares in 2017Q3 were reported.
Kempen Cap Mgmt Nv accumulated 127,527 shares. Cibc Asset Mgmt holds 6,968 shares or 0% of its portfolio. Boston Family Office Lc reported 0.09% in Teradyne, Inc. (NYSE:TER). Moreover, Canada Pension Plan Investment Board has 0.05% invested in Teradyne, Inc. (NYSE:TER). Origin Asset Mgmt Llp accumulated 0.88% or 368,100 shares. Castleark Management Limited Com has invested 0.36% in Teradyne, Inc. (NYSE:TER). Susquehanna Llp holds 73,893 shares. Dalton Greiner Hartman Maher & holds 1.33% in Teradyne, Inc. (NYSE:TER) or 606,976 shares. Envestnet Asset accumulated 57,865 shares. Loring Wolcott And Coolidge Fiduciary Advisors Limited Liability Partnership Ma accumulated 0% or 33 shares. Columbus Circle owns 1.04M shares or 0.83% of their US portfolio. Thrivent Fincl For Lutherans accumulated 1.56M shares. Menta Cap Limited Liability reported 0.3% in Teradyne, Inc. (NYSE:TER). 136,350 were accumulated by Bluemountain Cap Management Ltd Llc. Highvista Strategies Limited Liability Com holds 0.17% or 14,300 shares.

Since October 27, 2017, it had 0 insider purchases, and 7 selling transactions for $7.58 million activity. Robbins Brad sold $508,179 worth of Teradyne, Inc. (NYSE:TER) on Friday, October 27. Smith Gregory Stephen also sold $330,763 worth of Teradyne, Inc. (NYSE:TER) on Monday, February 5. On Tuesday, January 30 Gray Charles Jeffrey sold $1.49M worth of Teradyne, Inc. (NYSE:TER) or 32,238 shares. JAGIELA MARK E also sold $1.35M worth of Teradyne, Inc. (NYSE:TER) shares.

The stock of Teradyne Inc (NYSE:TER) registered an increase of 9.05% in short interest. TER’s total short interest was 9.14M shares in April as published by FINRA. Its up 9.05% from 8.39M shares, reported previously. With 3.56 million shares average volume, it will take short sellers 3 days to cover their TER’s short positions. The short interest to Teradyne Inc’s float is 4.68%.

The stock increased 1.96% or $0.85 during the last trading session, reaching $44.32. About 759,606 shares traded. Teradyne, Inc. (NYSE:TER) has risen 48.33% since April 16, 2017 and is uptrending. It has outperformed by 36.78% the S&P500.

Teradyne, Inc. designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company has market cap of $8.63 billion. The Company’s Semiconductor Test segment offers semiconductor test services and products for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications. It has a 34.62 P/E ratio. This segment offers FLEX test platform systems; Magnum platform that tests memory devices, such as flash memory and dynamic random access memory; J750 test system to address the highest volume semiconductor devices; and ETS platform for use by semiconductor manufacturers, and assembly and test subcontractors in the analog/mixed signal markets.

Teradyne, Inc. (NYSE:TER) Ratings Coverage

Among 11 analysts covering Teradyne (NYSE:TER), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Teradyne had 16 analyst reports since October 27, 2017 according to SRatingsIntel. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, October 26. The rating was maintained by Robert W. Baird with “Buy” on Thursday, January 25. Needham maintained Teradyne, Inc. (NYSE:TER) rating on Thursday, January 25. Needham has “Buy” rating and $52.0 target. On Friday, October 27 the stock rating was maintained by Robert W. Baird with “Buy”. The rating was maintained by Citigroup with “Buy” on Monday, October 30. On Wednesday, January 24 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was maintained on Thursday, October 26 by Needham. Citigroup maintained Teradyne, Inc. (NYSE:TER) rating on Tuesday, January 30. Citigroup has “Buy” rating and $54 target. On Tuesday, January 2 the stock rating was upgraded by Evercore to “Outperform”. On Friday, March 2 the stock rating was maintained by Susquehanna with “Hold”.

Teradyne, Inc. (NYSE:TER) Institutional Positions Chart

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