Teradyne, Inc. (TER) to Issue Quarterly Dividend of $0.12 on March 14th

Teradyne, Inc. (NASDAQ:TER) declared a quarterly dividend on Monday, January 27th,RTT News reports. Shareholders of record on Friday, February 14th will be paid 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 increased its dividend payment by an average of 6.3% per year over the last three years. Teradyne has a dividend 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 Down 1.2 %

Shares of Teradyne stock opened at $112.72 on Wednesday. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 2.70 and a beta of 1.45. Teradyne has a 52-week low of $95.80 and a 52-week high of $163.21. The company’s 50-day simple moving average is $125.67 and its 200-day simple moving average is $123.42.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Equities research analysts anticipate that Teradyne will post 3.91 EPS for the current year.

Insider Activity

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

Wall Street Analyst Weigh In

TER has been the topic of several research reports. Robert W. Baird lowered their price target on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Morgan Stanley cut Teradyne from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $121.00 to $117.00 in a report on Tuesday, January 21st. KeyCorp cut their price target on Teradyne from $180.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Northland Securities decreased their price objective on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $160.00 price objective on shares of Teradyne in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $143.77.

Teradyne declared that its Board of Directors has initiated a share buyback plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.