KeyBanc maintained its Teradyne [TER] rating to the equivalent of Overweight but changed the price target to $138 from $115, in a research note dated 2021-01-06. That figure represents around a 13.59% premium from where the company’s shares closed on Tuesday. Other analysts also revised their coverage, with Goldman’s analysts upgrading the shares from “a Neutral” rating to “a Buy” rating in a research note to investors issued in early November. Meanwhile, Susquehanna had raised its rating on TER to “Neutral” from the earlier “Negative”, in a research note produced for clients October 22, 2020. In addition, there was an upgrade from Stifel on October 09, 2020. The rater changed TER from “a Hold” to “a Buy”.
Is Teradyne Inc. [NASDAQ:TER] a Good Buy Right Now?
It should be noted that TER technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Teradyne Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 1.28 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.41 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.86 million shares.
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TER Price Performance
On Wall Street, Teradyne Inc. [NASDAQ:TER] finished Tuesday’s session up 1.93% at $121.49. The stock went up to $121.52 at the same session while its lowest single day price was $118.38. In the last five days, it saw a rise of about 3.19%, Teradyne Inc. shares gained by almost 1.33% since the beginning of the year. However, the share price has dropped to as low as -1.58% below its one year high. On 01/04/21, the company shares recorded $123.44, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $118.10. The company’s shares have inclined by 82.01% in the past year. The 50-day SMA achieved is $108.26 while the 200-day SMA is $84.02. Volume dropped to 1.08 million from 1.39 million in the previous session.
Teradyne Inc. [TER] Valuation Measures
Notably, Teradyne Inc. [TER] stock can be classified as a good candidate in the listing of underestimated low-priced Semiconductor Equipment & Materials companies to purchase soonest possible with the prevailing 12-month PE ratio of 30.98. The measure means the stock is exchanging at a discount as compared to the 32.75x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 6.71 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.64 which means TER serve an attractive investment opportunity compared to its competitors.
TER Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 119.41 level, and in case of violation of this particular level, it will cause more drop to 117.32 level. On the upper level, 123.60 is still the key resistance. The stock may increase to the subsequent resistance at 122.55. The Relative Strength Index (RSI) pinned on the 14-day chart is 65.47, implying a neutral technical stance while the MACD stands at 0.88, meaning price will decrease in the next trading period. Percent R indicator moved to 27.75%, implying bullish price movement. Stochastic %K at 63.35% suggest selling the stock.
What is the short interest in Teradyne Inc.?
Short interest in the Teradyne Inc. stock has surged, increasing by 50000.0 shares to total 8.7 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 8.75 million, data from Yahoo Finance shows. The decrease of -0.57% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 6.68% of the overall float for the stock.
Teradyne Inc.’s Biggest Shareholders: Who Owns Teradyne Inc. [TER]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 18,276,434 shares or roughly 11.01% of the outstanding TER shares. This means their shares have increased by 1,992,630 from the 18,276,434 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, BlackRock Fund Advisors updated stake is worth $1,108,283,869. Details in the latest 13F filings reveal that Baillie Gifford & Co. disposed off their -0.77% stake valued at $890,698,134 while Columbia Management Investment Ad cut theirs at $766,103,088. During the last quarter, Baillie Gifford & Co. liquidated -62,890 of its shares in Teradyne Inc. while Columbia Management Investment Ad sold -444,379 shares. The SSgA Funds Management, Inc.’s holdings currently number 6,878,602 shares at $835681356.98. According to the firm’s last 13F report, Wellington Management Co. LLP shares in the company at filing stood at 6,849,205 shares, roughly $755,741,280.
TER Earnings Forecast For The Current Quarter
Teradyne Inc. [TER] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $715.61M and an earnings per share of $1 for Dec 2020. Looking further ahead, the company is expected to report revenue of $723.94M at an EPS of $1.01 for Mar 2021. The estimates represent upside of 5.80% and 8.43% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
TER Earnings Estimates For The Current Year
For the financial year, Teradyne Inc. [NASDAQ:TER] is expected to bring in revenue of $3.08B. The returns are nearly $790.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for 2020, the estimate put it at 4.5, higher than that of FY19 by $1.64. Estimates put this year’s earnings growth at 57.30%, 8.40% for the next, and at an annual 23.47% over the next 5-year period. As for sales, forecasts are for an increase of 34.20% in the current fiscal year and a further 5.80% over the following year.