Teradyne Inc. Announces Quarterly Dividend of $0.06 (TER)
Teradyne (NYSE:TER) announced a quarterly dividend on Wednesday, January 22nd, StockRatingsNetwork.com reports. Investors of record on Friday, May 9th will be paid a dividend of 0.06 per share on Monday, June 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.23%.
A number of analysts have recently weighed in on TER shares. Analysts at Sidoti downgraded shares of Teradyne from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 17th. On the ratings front, analysts at Pacific Crest upgraded shares of Teradyne from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, January 15th. They now have a $23.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Teradyne from a “buy” rating to a “conviction-buy” rating in a research note to investors on Tuesday, January 14th. They now have a $23.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Teradyne presently has a consensus rating of “Buy” and a consensus target price of $20.57.
Shares of Teradyne (NYSE:TER) traded up 2.03% on Wednesday, hitting $19.58. The stock had a trading volume of 6,340,525 shares. Teradyne has a one year low of $14.05 and a one year high of $19.96. The stock has a 50-day moving average of $17.48 and a 200-day moving average of $16.87. The company has a market cap of $3.752 billion and a price-to-earnings ratio of 35.87.
Teradyne (NYSE:TER) last released its earnings data on Wednesday, January 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $285.00 million for the quarter, compared to the consensus estimate of $275.30 million. Analysts expect that Teradyne will post $1.03 EPS for the current fiscal year.
Teradyne, Inc is a supplier of automatic test equipment. The Company designs, develops, manufactures and sells automatic test systems and solutions used to test semiconductors, wireless products, hard disk drives and circuit boards in the consumer electronics, wireless, automotive, industrial, computing, communications and aerospace and defense industries.
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