Evercore ISI Issues an Upgrade on Teradyne (NYSE:TER) Shares. What’s Next?


Teradyne (NYSE:TER) Stock Upgrade

Evercore ISI has lifted shares of Teradyne (NYSE:TER) stock to a “Buy” in an analyst research report published today. TER’s past rating was only a “Hold”.

From a total of 12 analysts covering Teradyne (NYSE:TER) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 64% of the ratings are positive. The highest target price is $26 while the lowest target price is $20. The mean of all analyst targets is $22.88 with a 5.70% above today’s ($20.89) stock price. Teradyne was the topic of 10 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. Pacific Crest downgraded shares on October 29 to “Sector Weight” rating. Susquehanna maintained TER stock in a recent report from September 21 with “Neutral” rating. Finally, Craig Hallum upgraded the stock to “Hold” rating in a report issued on an August 25.

Approximately 289,367 shares of stock traded hands. Teradyne, Inc. (NYSE:TER) has declined 1.79% since May 14, 2015 and is downtrending. It has outperformed by 0.48% the S&P500.

The overall sentiment of institutions has decreased to 0.83 in Q2 2015. Its down 0.53, from 1.36 in 2015Q2. The ratio turned negative, as 35 institutions have sold all the shares of Teradyne, Inc. that they owned while 108 funds have taken shares off the table. 32 funds have purchased shares for the first time while 87 added to their positions. These institutions now hold 178.98 million shares or 10.15% less than the 199.21 million shares they owned in 2015Q2.

The Fund Winslow Asset Management Inc currently is holding shares equating to 2.26% of its total portfolio in Teradyne, Inc. representing a total of 634,939 shares. Another fund,Lg Capital Management Lp, is holding a total of 267,500 shares equating to 2.23% of their holdings. Additionally, Nwq Investment Management Company Llc has a 7.29 million share stake in Teradyne, Inc. which represents 2.02% of their total portfolio. The Fund, Alkeon Capital Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 1.38% of their total portfolio. Finally Glenview Capital Management Llc, a fund which is based in the state of New York reported a total holdings of 12.87 million shares.

Teradyne, Inc. is a supplier of automatic test equipment. The company has a market cap of $4.29 billion. The Firm operates in three divisions: Semiconductor Test, Wireless Test and System Test. It has 43.05 P/E ratio. The Company’s automatic test equipment services and products 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).

According to Zacks Investment Research, “Teradyne, Inc. is a manufacturer of automatic test equipment and related software for the electronics and communications industries. Products include systems to test semiconductors, circuit-boards, telephone lines and networks, and software. The company is also a manufacturer of backplanes and associated connectors used in electronic systems.”