Teradyne (NASDAQ:TER) Reaches New 1-Year High Following Dividend Announcement

Shares of Teradyne, Inc. (NASDAQ:TER) hit a new 52-week high on Tuesday after the company announced a dividend. The company traded as high as $239.55 and last traded at $238.3290, with a volume of 547474 shares traded. The stock had previously closed at $231.75.

The newly announced dividend which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.48 annualized dividend and a yield of 0.2%. Teradyne’s dividend payout ratio is currently 17.45%.

Analyst Ratings Changes

TER has been the topic of a number of analyst reports. Industrial Alliance Securities set a $175.00 target price on shares of Teradyne in a report on Tuesday, October 28th. TD Cowen reiterated a “buy” rating on shares of Teradyne in a research report on Thursday. Stifel Nicolaus lifted their price objective on shares of Teradyne from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group upgraded Teradyne from a “sell” rating to a “buy” rating and upped their target price for the stock from $148.00 to $230.00 in a research note on Monday, December 15th. Finally, Bank of America raised their target price on Teradyne from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Teradyne currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.75.

Teradyne Stock Up 2.8%

The business’s 50 day simple moving average is $200.91 and its two-hundred day simple moving average is $153.76. The stock has a market cap of $37.33 billion, a P/E ratio of 86.63, a PEG ratio of 1.65 and a beta of 1.84.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The company had revenue of $769.21 million during the quarter, compared to analysts’ expectations of $744.20 million. During the same period in the prior year, the company earned $0.90 EPS. Teradyne’s revenue was up 4.3% compared to the same quarter last year. As a group, research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 1,108 shares of Teradyne stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $201.31, for a total transaction of $223,051.48. Following the sale, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Nova Scotia raised its stake in shares of Teradyne by 546.5% during the 2nd quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock worth $8,835,000 after purchasing an additional 83,055 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Teradyne by 3.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock worth $24,908,000 after buying an additional 9,094 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Teradyne by 291.6% during the second quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock worth $2,247,000 after buying an additional 18,612 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Teradyne by 73.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock worth $412,000 after acquiring an additional 1,939 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in Teradyne in the third quarter valued at about $895,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Company Profile

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.