Teradyne, Inc. (NASDAQ:TER) Declares $0.12 Quarterly Dividend

Teradyne, Inc. (NASDAQ:TER) announced a quarterly dividend on Monday, November 11th,RTT News reports. Shareholders of record on Monday, November 25th will be given a dividend of 0.12 per share on Wednesday, December 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, November 25th.

Teradyne has raised its dividend payment by an average of 3.2% per year over the last three years. Teradyne has a payout ratio of 11.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Teradyne to earn $4.10 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 11.7%.

Teradyne Stock Up 2.5 %

NASDAQ TER opened at $108.21 on Friday. Teradyne has a twelve month low of $90.24 and a twelve month high of $163.21. The company has a market capitalization of $17.62 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 2.28 and a beta of 1.52. The stock has a fifty day simple moving average of $120.00 and a 200 day simple moving average of $131.63.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The firm had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same period in the prior year, the business earned $0.80 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts expect that Teradyne will post 3.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This trade represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mercedes Johnson sold 625 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $133.49, for a total value of $83,431.25. Following the completion of the transaction, the director now owns 16,518 shares of the company’s stock, valued at approximately $2,204,987.82. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,199 shares of company stock worth $1,080,634 in the last three months. Corporate insiders own 0.36% of the company’s stock.

Teradyne announced that its Board of Directors has initiated a share buyback plan on Monday, November 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TER has been the topic of several recent research reports. StockNews.com upgraded Teradyne from a “sell” rating to a “hold” rating in a research report on Sunday, October 27th. Robert W. Baird dropped their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a report on Friday, August 16th. Craig Hallum reduced their target price on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Stifel Nicolaus reduced their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $142.62.

About Teradyne

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.