Teradyne, Inc. to Issue Quarterly Dividend of $0.12 (NASDAQ:TER)

Teradyne, Inc. (NASDAQ:TERGet Free Report) declared a quarterly dividend on Thursday, May 9th, Zacks reports. Investors of record on Wednesday, May 22nd will be paid a dividend of 0.12 per share on Friday, June 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Tuesday, May 21st.

Teradyne has raised its dividend payment by an average of 3.2% per year over the last three years and has increased its dividend every year for the last 1 years. Teradyne has a dividend payout ratio of 10.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Teradyne to earn $4.44 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 10.8%.

Teradyne Stock Performance

NASDAQ:TER opened at $131.91 on Monday. Teradyne has a 1 year low of $81.07 and a 1 year high of $133.46. The stock has a market cap of $20.59 billion, a price-to-earnings ratio of 50.16 and a beta of 1.50. The business has a fifty day moving average of $111.48 and a 200-day moving average of $103.97.

Teradyne (NASDAQ:TERGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.18. Teradyne had a return on equity of 18.88% and a net margin of 16.15%. The company had revenue of $599.82 million during the quarter, compared to analysts’ expectations of $566.31 million. During the same quarter in the prior year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities research analysts predict that Teradyne will post 3.02 EPS for the current year.

Insider Activity

In other news, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Sanjay Mehta sold 3,750 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $120.06, for a total transaction of $450,225.00. Following the completion of the sale, the chief financial officer now directly owns 41,902 shares of the company’s stock, valued at $5,030,754.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $121.20, for a total value of $75,750.00. Following the sale, the director now directly owns 17,142 shares of the company’s stock, valued at $2,077,610.40. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TER has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Teradyne from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Evercore ISI initiated coverage on Teradyne in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $130.00 price target for the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 price target on shares of Teradyne in a research note on Thursday, April 25th. Robert W. Baird raised their target price on Teradyne from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Susquehanna raised their target price on Teradyne from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $121.42.

View Our Latest Stock Analysis on TER

Teradyne Company Profile

(Get Free Report)

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.

Further Reading

Dividend History for Teradyne (NASDAQ:TER)

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