Teradyne, Inc. to Issue Quarterly Dividend of $0.12 (NASDAQ:TER)

Teradyne, Inc. (NASDAQ:TER) announced a quarterly dividend on Monday, January 27th,RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 0.40%.

Teradyne has increased its dividend payment by an average of 6.3% per year over the last three years. Teradyne has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Teradyne to earn $4.10 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 11.7%.

Teradyne Stock Down 7.4 %

NASDAQ:TER traded down $9.65 during mid-day trading on Monday, hitting $120.27. 5,240,963 shares of the stock traded hands, compared to its average volume of 2,492,196. Teradyne has a 52 week low of $92.29 and a 52 week high of $163.21. The stock has a market capitalization of $19.59 billion, a price-to-earnings ratio of 38.18, a PEG ratio of 2.25 and a beta of 1.46. The firm’s 50 day moving average is $123.95 and its two-hundred day moving average is $126.23.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Northland Capmk raised shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Susquehanna upped their target price on Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Robert W. Baird decreased their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Craig Hallum lowered their price objective on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Finally, Evercore ISI boosted their price target on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $149.31.

Teradyne announced that its Board of Directors has authorized a stock 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 usually an indication that the company’s board believes its stock is undervalued.

Insider Activity at Teradyne

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is owned by company insiders.

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.