Teradyne (NYSE:TER) Rating Change
In a research note issued to investors and clients on 21 November, Deutsche Bank lowered shares of Teradyne (NYSE:TER) to “Hold” rating from “Buy”. Deutsche Bank currently has a $44.0 PT on the stock. The firm PT indicates a potential upside of 2.59 % from Teradyne (NYSE:TER)’s last stock close price.
The stock downgrade was most probably noticed by equity traders, as NYSE:TER is currently trading -0.92% lower at $44.02 as of 8:13 AM New York time. Teradyne’s stock is 0% in the last 200 days. It has underperformed the S&P 500 Index, which has increased 6.00% in the same time period.
Out of 12 brokers covering Teradyne, 8 rate it a Buy, 5 indicate a Hold while 0 suggest a Sell. The highest target is $26 and the lowest is $20 according to Thomson/First Call. The 12-month mean target is $22.75, which means downside potential of 48.32% over the current price.
Winslow Asset Management Inc had the biggest stake with ownership of 513,023 shares as of Q2 2015 for 2.44% of the US equity exposure. Nwq Investment Management Company Llc is another bullish institutional investor who is owning 4.37M shares of Teradyne or 1.37% of their US equity exposure. Furthermore, Lombardia Capital Partners Llc have 1.3% of their US equity exposure invested in the company for 885,058 shares. The New York-based fund Alkeon Capital Management Llc disclosed it had acquired so far a stake worth about 1.28% of the institutional investor’s stock portfolio in Teradyne. The Ontario – Canada-based fund Beutel Goodman & Co Ltd. is also positive about the stock, possessing 3.15M shares or 0.98% of their US equity exposure.
Teradyne (NYSE:TER) Profile
Teradyne, Inc. supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries. Its segments include Semiconductor Test, which includes operations related to the design, manufacturing and marketing of semiconductor test products and services; System Test, which includes operations related to the design, manufacturing and marketing of products and services for defense/aerospace instrumentation test, storage test and circuit-board test; Wireless Test, which includes operations related to the design, manufacturing and marketing of wireless test products and services, and Industrial Automation, which includes operations related to the design, manufacturing and marketing of collaborative robots.
Teradyne (NYSE:TER) traded down -0.92% on 21 November, hitting $44.02. A total of 1.99 million shares of the company’s stock traded hands. This is down from average of 2.41 million shares. Teradyne has a 52 week low of $23.39 and a 52 week high of $44.62. The company has a market cap of $8.63 billion and a P/E ratio of 20.61.
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The post Equity Analysts at Deutsche Bank Decreased Teradyne (NYSE:TER) from “Buy” to “Hold”. The Stock Has 2.59 % Upside Potential and $44.0 Target Price per Share appeared first on Octafinance.