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

Teradyne, Inc. (NASDAQ:TER) announced a quarterly dividend on Monday, November 11th,RTT News reports. Stockholders 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 dividend yield of 0.44%.

Teradyne has raised its dividend by an average of 3.2% per year over the last three years. Teradyne has a payout ratio of 11.3% indicating that 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 Price Performance

NASDAQ TER opened at $108.81 on Tuesday. The firm’s fifty day moving average price is $123.83 and its 200 day moving average price is $132.52. Teradyne has a 12 month low of $85.75 and a 12 month high of $163.21. The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 2.41 and a beta of 1.52.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The company had revenue of $737.30 million for the quarter, compared to analyst estimates of $716.40 million. During the same quarter last year, the company posted $0.80 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Teradyne will post 3.15 earnings per share for the current year.

Insider Buying and Selling at Teradyne

In other news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the transaction, the director now owns 15,893 shares in the company, valued at $2,110,590.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Sanjay Mehta sold 6,153 shares of Teradyne stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the transaction, the chief financial officer now directly owns 35,834 shares of the company’s stock, valued at approximately $4,768,072.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mercedes Johnson sold 625 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $83,000.00. Following the completion of the sale, the director now directly owns 15,893 shares in the company, valued at $2,110,590.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,352 shares of company stock valued at $1,899,353. 0.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TER. Evercore ISI raised their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Northland Securities lowered their price target on Teradyne from $126.00 to $117.00 and set a “market perform” rating on the stock in a report on Friday, October 25th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 price objective for the company in a research note on Friday, August 16th. 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 research report on Friday, October 25th. Finally, Craig Hallum dropped their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $142.62.

Teradyne declared that its board has approved a stock repurchase program on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are typically 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.