Teradyne, Inc. Declares Quarterly Dividend of $0.11 (NASDAQ:TER)

Teradyne, Inc. (NASDAQ:TERGet Rating) announced a quarterly dividend on Monday, November 14th, RTT News reports. Stockholders of record on Monday, November 28th will be given a dividend of 0.11 per share on Wednesday, December 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, November 25th.

Teradyne has increased its dividend payment by an average of 3.6% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Teradyne has a dividend payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Teradyne to earn $3.84 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 11.5%.

Teradyne Stock Performance

NASDAQ:TER opened at $94.03 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.59 and a current ratio of 3.03. Teradyne has a 52 week low of $67.81 and a 52 week high of $168.91. The company has a fifty day moving average price of $80.42. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 5.28 and a beta of 1.50.

Teradyne (NASDAQ:TERGet Rating) last released its earnings results on Tuesday, October 25th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.11. Teradyne had a net margin of 23.38% and a return on equity of 33.39%. The company had revenue of $827.07 million for the quarter, compared to the consensus estimate of $800.20 million. During the same quarter in the previous year, the company earned $1.59 EPS. Teradyne’s quarterly revenue was down 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Teradyne will post 4.07 earnings per share for the current year.

Insider Activity at Teradyne

In related news, insider Brad Robbins sold 3,144 shares of the stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $75.84, for a total transaction of $238,440.96. Following the completion of the transaction, the insider now owns 44,755 shares in the company, valued at $3,394,219.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Teradyne

Several institutional investors have recently added to or reduced their stakes in TER. West Family Investments Inc. boosted its position in Teradyne by 6.8% during the first quarter. West Family Investments Inc. now owns 1,800 shares of the company’s stock worth $213,000 after purchasing an additional 115 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its position in Teradyne by 2.7% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,619 shares of the company’s stock worth $422,000 after purchasing an additional 146 shares during the period. Covestor Ltd boosted its position in Teradyne by 27.4% during the first quarter. Covestor Ltd now owns 720 shares of the company’s stock worth $85,000 after purchasing an additional 155 shares during the period. Cibc World Market Inc. boosted its position in Teradyne by 3.3% during the first quarter. Cibc World Market Inc. now owns 6,009 shares of the company’s stock worth $710,000 after purchasing an additional 193 shares during the period. Finally, Centaurus Financial Inc. boosted its position in Teradyne by 29.3% during the first quarter. Centaurus Financial Inc. now owns 864 shares of the company’s stock worth $102,000 after purchasing an additional 196 shares during the period. Institutional investors own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Teradyne from $95.00 to $85.00 and set a “hold” rating on the stock in a research report on Thursday, October 13th. Citigroup dropped their target price on shares of Teradyne from $130.00 to $112.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. DA Davidson lowered their price objective on shares of Teradyne from $120.00 to $105.00 in a report on Thursday, October 27th. Evercore ISI set a $110.00 price objective on shares of Teradyne in a report on Wednesday. Finally, Susquehanna upped their price objective on shares of Teradyne from $83.00 to $100.00 in a report on Thursday, October 27th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $93.12.

About Teradyne

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Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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Dividend History for Teradyne (NASDAQ:TER)

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