Teradyne Rises On Unusually High Volume (TER)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Teradyne (NYSE: TER) is trading at unusually high volume Thursday with 12.2 million shares changing hands. It is currently at four times its average daily volume and trading up $1.12 (+8.2%) at $14.74 as of 3:59 p.m. ET.

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Teradyne has a market cap of $2.59 billion and is part of the technology sector and electronics industry. Shares are up 1.2% year to date as of the close of trading on Wednesday.

Teradyne, Inc., together with its subsidiaries, provides automatic test equipment products and services worldwide. The company operates in three segments: Semiconductor Test, Systems Test Group, and Wireless Test. The company has a P/E ratio of 10.8, above the average electronics industry P/E ratio of 9.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Teradyne as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Teradyne Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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