Short Interest Don’t Lie: What’s Next for Teradyne Incorporated (NYSE:TER) After Having More Shares Shorted?

November 17, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Don't Lie: What's Next for Teradyne Incorporated (NYSE:TER) After Having More Shares Shorted?

The stock of Teradyne Incorporated (NYSE:TER) registered an increase of 8.24% in short interest. TER’s total short interest was 6.05M shares in November as published by FINRA. Its up 8.24% from 5.59 million shares, reported previously. With 1.58M shares average volume, it will take short sellers 4 days to cover their TER’s short positions. The short interest to Teradyne Incorporated’s float is 3%. About 357,701 shares traded hands. Teradyne, Inc. (NYSE:TER) has risen 18.16% since April 15, 2016 and is uptrending. It has outperformed by 13.53% the S&P500.

Teradyne, Inc. supplies automation equipment for test and industrial applications. The company has a market cap of $5.10 billion. The Firm designs, develops, makes and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries. It currently has negative earnings.

Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 0.15, from 1.25 in 2016Q1. The ratio is negative, as 28 funds sold all Teradyne, Inc. shares owned while 102 reduced positions. 42 funds bought stakes while 101 increased positions. They now own 181.79 million shares or 5.59% less from 192.56 million shares in 2016Q1.
Legal General Public Ltd last reported 0% of its portfolio in the stock. Profund Advsr Lc last reported 43,331 shares in the company. Moreover, Manufacturers Life Ins Company The has 0.01% invested in Teradyne, Inc. (NYSE:TER) for 274,962 shares. Deere & Co accumulated 0.07% or 61,930 shares. Credit Agricole S A has 0% invested in the company for 11,740 shares. Jefferies Group Incorporated Ltd Limited Liability Company holds 0% or 18,019 shares in its portfolio. Fifth Third Bancorporation last reported 0% of its portfolio in the stock. Stifel Finance Corporation last reported 0.01% of its portfolio in the stock. Deutsche Retail Bank Ag has 429,462 shares for 0.01% of their US portfolio. Oregon Employees Retirement Fund has 69,228 shares for 0.03% of their US portfolio. Moreover, Bogle Invest Management L P De has 0.08% invested in Teradyne, Inc. (NYSE:TER) for 56,926 shares. Joel Isaacson & Limited Liability Corp has 0% invested in the company for 668 shares. Guggenheim Cap holds 0.01% or 170,963 shares in its portfolio. Panagora Asset has 0.08% invested in the company for 774,680 shares. Cipher Cap Lp last reported 0.05% of its portfolio in the stock.

Insider Transactions: Since August 25, 2016, the stock had 0 insider buys, and 5 sales for $2.81 million net activity. $667,522 worth of shares were sold by BRADLEY MICHAEL A on Friday, August 26.

Teradyne, Inc. (NYSE:TER) Ratings Coverage

Out of 12 analysts covering Teradyne (NYSE:TER), 5 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 42% are positive. Teradyne has been the topic of 18 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Susquehanna given on Monday, September 21. The rating was downgraded by Stifel Nicolaus to “Hold” on Thursday, July 21. The stock of Teradyne, Inc. (NYSE:TER) earned “Outperform” rating by Cowen & Co on Friday, October 28. Citigroup upgraded it to “Buy” rating and $24 target price in Tuesday, September 15 report. As per Thursday, December 17, the company rating was upgraded by Evercore. Sidoti maintained the shares of TER in a report on Wednesday, September 23 with “Buy” rating. Credit Suisse upgraded the stock to “Neutral” rating in Tuesday, August 25 report. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, February 3 report. The company was maintained on Monday, September 21 by Pacific Crest. The firm has “Hold” rating by Craig Hallum given on Tuesday, August 25.

TER Company Profile

Teradyne, Inc. (Teradyne), incorporated on September 23, 1960, is a supplier of automation equipment for test and industrial applications. The Firm designs, develops, makes and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries. The Firm operates through four divisions: Semiconductor Test, System Test, Wireless Test and Industrial Automation.

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By Clifton Ray


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