Teradyne, Inc. (TER) to Distribute Quarterly Dividend of $0.11 on June 17th

Teradyne, Inc. (NASDAQ:TERGet Rating) declared a quarterly dividend on Thursday, May 12th, RTT News reports. Shareholders of record on Wednesday, May 25th will be given a dividend of 0.11 per share on Friday, June 17th. This represents a $0.44 dividend on an annualized basis and a yield of 0.41%.

Teradyne has raised its dividend payment by an average of 3.6% annually over the last three years and has raised its dividend every year for the last 1 years. Teradyne has a payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Teradyne to earn $6.52 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 6.7%.

Shares of NASDAQ:TER opened at $107.35 on Friday. Teradyne has a 52-week low of $98.64 and a 52-week high of $168.91. The company has a market capitalization of $17.20 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 1.91 and a beta of 1.49. The company has a 50-day simple moving average of $112.01 and a 200 day simple moving average of $131.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.33.

Teradyne (NASDAQ:TERGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.10. Teradyne had a net margin of 26.58% and a return on equity of 40.67%. The business had revenue of $755.30 million during the quarter, compared to the consensus estimate of $741.98 million. During the same period last year, the business posted $1.11 EPS. Teradyne’s revenue was down 3.4% on a year-over-year basis. As a group, equities analysts forecast that Teradyne will post 4.85 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC grew its stake in shares of Teradyne by 0.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 11,607 shares of the company’s stock worth $1,899,000 after purchasing an additional 107 shares during the last quarter. West Family Investments Inc. grew its stake in shares of Teradyne by 6.8% in the first quarter. West Family Investments Inc. now owns 1,800 shares of the company’s stock worth $213,000 after purchasing an additional 115 shares during the last quarter. Covestor Ltd grew its stake in shares of Teradyne by 27.4% in the first quarter. Covestor Ltd now owns 720 shares of the company’s stock worth $85,000 after purchasing an additional 155 shares during the last quarter. Cibc World Market Inc. grew its stake in shares of Teradyne by 3.3% in the first quarter. Cibc World Market Inc. now owns 6,009 shares of the company’s stock worth $710,000 after purchasing an additional 193 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its holdings in Teradyne by 29.3% in the first quarter. Centaurus Financial Inc. now owns 864 shares of the company’s stock valued at $102,000 after buying an additional 196 shares during the period. 96.94% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on TER shares. Piper Sandler cut their target price on shares of Teradyne from $173.00 to $163.00 and set an “overweight” rating for the company in a research note on Friday, January 28th. Cowen cut their price objective on shares of Teradyne from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, January 27th. Rosenblatt Securities cut their price objective on shares of Teradyne from $180.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, January 28th. Deutsche Bank Aktiengesellschaft downgraded shares of Teradyne from a “buy” rating to a “hold” rating and cut their price objective for the stock from $170.00 to $120.00 in a research report on Friday, January 28th. Finally, Zacks Investment Research downgraded shares of Teradyne from a “hold” rating to a “sell” rating and set a $114.00 price objective for the company. in a research report on Monday, April 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $149.61.

About Teradyne (Get Rating)

Teradyne, Inc designs, develops, manufactures, sells, and supports automatic test equipment worldwide. The company operates through Semiconductor Test, System Test, Industrial Automation, and Wireless Test segments. The Semiconductor Test segment offers products and services for wafer level and device package testing in automotive, industrial, communications, consumer, smartphones, cloud computer and electronic game, and other applications.

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Dividend History for Teradyne (NASDAQ:TER)

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