Teradyne, Inc. (TER) to Distribute Quarterly Dividend of $0.12 on December 18th

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

Teradyne has increased its dividend payment by an average of 3.2% annually over the last three years. Teradyne has a payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Teradyne to earn $4.12 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 Down 0.4 %

Shares of TER stock opened at $108.33 on Wednesday. The stock has a market cap of $17.64 billion, a P/E ratio of 34.39, a PEG ratio of 2.37 and a beta of 1.52. Teradyne has a 52 week low of $85.75 and a 52 week high of $163.21. The company’s fifty day simple moving average is $123.83 and its two-hundred day simple moving average is $132.52.

Teradyne (NASDAQ:TER) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same quarter in the previous year, the company earned $0.80 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, analysts anticipate that Teradyne will post 3.15 EPS for the current fiscal year.

Insider Transactions at Teradyne

In other news, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the transaction, the insider now directly owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 in the company, valued at $2,204,987.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard John Burns sold 789 shares of Teradyne stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $132.80, for a total transaction of $104,779.20. Following the completion of the transaction, the insider now owns 21,864 shares of the company’s stock, valued at $2,903,539.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,352 shares of company stock valued at $1,899,353. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TER. StockNews.com upgraded shares of Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. JPMorgan Chase & Co. upped their price target on shares of Teradyne from $120.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Robert W. Baird decreased their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Northland Capmk cut shares of Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, Citigroup cut their price target on shares of Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $142.62.

Teradyne announced that its board has authorized a share repurchase program on Monday, November 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.