Teradyne, Inc. (TER) To Go Ex-Dividend on September 4th

Teradyne, Inc. (NASDAQ:TER) declared a quarterly dividend on Monday, August 24th. Stockholders of record on Friday, September 4th will be given a dividend of 0.13 per share on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, September 4th.

Teradyne has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Teradyne has a payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Teradyne to earn $11.26 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 4.6%.

Teradyne Stock Performance

NASDAQ TER opened at $335.46 on Wednesday. Teradyne has a twelve month low of $109.56 and a twelve month high of $487.91. The stock has a market capitalization of $52.45 billion, a PE ratio of 46.02, a P/E/G ratio of 0.71 and a beta of 1.78. The stock has a 50-day simple moving average of $376.53 and a 200 day simple moving average of $357.67.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.38. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm posted $0.57 EPS. The company’s revenue was up 103.9% on a year-over-year basis. As a group, equities research analysts forecast that Teradyne will post 9.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TER. Bank of America increased their price target on shares of Teradyne from $365.00 to $525.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. UBS Group increased their target price on shares of Teradyne from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, July 20th. The Goldman Sachs Group reissued a “buy” rating and set a $465.00 target price on shares of Teradyne in a research report on Tuesday, July 28th. Morgan Stanley upped their price target on Teradyne from $387.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Finally, Susquehanna raised their price objective on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus price target of $396.80.

About Teradyne

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.