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

Teradyne, Inc. (NASDAQ:TER) announced a quarterly dividend on Monday, January 27th,RTT News reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.12 per share on Friday, March 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 14th.

Teradyne has raised its dividend by an average of 6.3% annually over the last three years. Teradyne has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Teradyne to earn $5.10 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 9.4%.

Teradyne Stock Performance

Teradyne stock opened at $112.72 on Wednesday. Teradyne has a one year low of $95.80 and a one year high of $163.21. The company has a 50-day simple moving average of $125.67 and a 200-day simple moving average of $123.42. The firm has a market capitalization of $18.36 billion, a P/E ratio of 33.85, a P/E/G ratio of 2.70 and a beta of 1.45.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, sell-side analysts forecast that Teradyne will post 3.91 earnings per share for the current year.

Insider Activity

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares in the company, valued at $9,705,800. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard John Burns sold 407 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total transaction of $49,047.57. Following the completion of the sale, the insider now owns 20,764 shares of the company’s stock, valued at approximately $2,502,269.64. This trade represents a 1.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,479 shares of company stock valued at $1,013,134 over the last three months. Insiders own 0.36% of the company’s stock.

Teradyne declared that its board has initiated a stock buyback program on Monday, November 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their target price on shares of Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. UBS Group lowered their price objective on shares of Teradyne from $160.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Northland Securities cut their target price on Teradyne from $154.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. KeyCorp lowered their price target on Teradyne from $180.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Robert W. Baird dropped their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.77.

Teradyne Company Profile

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.