Stifel Nicolaus Downgrades Teradyne to Hold

Brokerage firm Stifel Nicolaus Downgrades its rating on Teradyne(NYSE:TER). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Jul 21, 2016.

Teradyne (TER) made into the market gainers list on Wednesdays trading session with the shares advancing 2.50% or 0.52 points. Due to strong positive momentum, the stock ended at $21.33, which is also near the day’s high of $21.33. The stock began the session at $20.92 and the volume stood at 21,49,456 shares. The 52-week high of the shares is $21.84 and the 52 week low is $16.06. The company has a current market capitalization of $4,334 M and it has 20,31,78,980 shares in outstanding.

Teradyne(TER) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $430.99M. Analysts had an estimated revenue of $425.70M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.27.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, Daniel W Christman (director) sold 3,668 shares at $18.86 per share price.Also, On Mar 21, 2016, Michael A Bradley (director) sold 34,000 shares at $20.85 per share price.On Feb 2, 2016, Charles Jeffrey Gray (VP,General Counsel & Secretary) sold 17,000 shares at $19.21 per share price, according to the Form-4 filing with the securities and exchange commission.

Teradyne Inc. (Teradyne) is a supplier of automatic test equipment. The Company operates in three segments: Semiconductor Test Wireless Test and System Test. The Company’s automatic test equipment products and services 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). The Company has a customer base which includes integrated device manufacturers outsourced semiconductor assembly and test providers wafer foundries fabless companies that design but contract with others for the manufacture of integrated circuits developers of wireless devices and consumer electronics manufacturers of circuit boards automotive suppliers wireless product manufacturers storage device manufacturers aerospace and military contractors.

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