The Case for and Against Teradyne, Inc. (TER)

Teradyne, Inc. (TER) is an interesting player in the Technology space, with a focus on Semiconductor Equipment & Materials. The stock has been active on the tape, currently trading at $39.09, up from yesterday’s close by 0.18%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Teradyne, Inc. (TER) currently trades with a market capitalization of $7.66 Billion. That value represents a market adjusting for revenues that have been growing by 6.69 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $487.58 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.53 on a per share basis this quarter. Perhaps, that suggests something about why 0.85% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Teradyne, Inc. recorded a 52-week high of $50.68. It is now trading 11.59% off that level. The stock is trading $38.98 its 50-day moving average by -0.11000000000001%. The stock carved out a 52-week low down at $29.68.

In recent action, Teradyne, Inc. (TER) has made a move of +6.69% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.11, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 8.08% with $190.49 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of TER.

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