Teradyne, Inc. (NASDAQ:TER) Shares Will Pay Quarterly Dividend of $0.13

Teradyne, Inc. (NASDAQ:TER) declared a quarterly dividend on Monday, November 9th. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.13 per share on Wednesday, December 16th. This represents a $0.52 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, November 23rd.

Teradyne has a payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Teradyne to earn $12.08 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 4.3%.

Teradyne Price Performance

TER opened at $246.00 on Tuesday. The firm has a market cap of $38.41 billion, a P/E ratio of 28.24, a PEG ratio of 0.49 and a beta of 1.73. Teradyne has a 1-year low of $151.52 and a 1-year high of $487.91. The company has a 50 day simple moving average of $349.43 and a two-hundred day simple moving average of $348.83.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.20. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Teradyne had a net margin of 27.46% and a return on equity of 43.81%. The company’s revenue for the quarter was up 69.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 earnings per share. Equities analysts anticipate that Teradyne will post 9.41 earnings per share for the current year.

Insider Activity

In other news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $341.28, for a total transaction of $1,365,120.00. Following the sale, the chief executive officer directly owned 104,495 shares of the company’s stock, valued at $35,662,053.60. This represents a 3.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,000 shares of company stock valued at $4,416,440 over the last quarter. Insiders own 0.19% of the company’s stock.

Institutional Trading of Teradyne

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Community Financial Services Group LLC purchased a new stake in shares of Teradyne in the 2nd quarter worth approximately $29,000. IFG Advisory LLC purchased a new position in shares of Teradyne in the third quarter worth $26,000. Next Level Wealth Planning LLC purchased a new stake in Teradyne during the 3rd quarter valued at about $27,000. Elevation Wealth Partners LLC increased its holdings in Teradyne by 1,320.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock worth $34,000 after buying an additional 66 shares during the period. Finally, Mcdonald Partners LLC purchased a new position in shares of Teradyne during the second quarter worth $36,000. 99.77% of the stock is owned by hedge funds and other institutional investors.

Teradyne Company Profile

Teradyne, Inc develops and supplies automated test equipment and robotics used by manufacturers around the world. Its test systems help customers evaluate the performance and reliability of semiconductor devices, electronic products, wireless components and storage products.

The company’s offerings include semiconductor test systems, system-level test equipment and wireless test solutions. Teradyne also serves industrial automation markets through Universal Robots, which makes collaborative robots, and Mobile Industrial Robots, which develops autonomous mobile robots for moving materials in factories and other facilities.

Founded in 1960 and headquartered in North Reading, Massachusetts, Teradyne serves customers across global markets.