Teradyne, Inc. (NASDAQ:TER) to Issue Quarterly Dividend of $0.11

Teradyne, Inc. (NASDAQ:TERGet Rating) announced a quarterly dividend on Thursday, May 12th, RTT News reports. Shareholders of record on Wednesday, May 25th will be paid a dividend of 0.11 per share on Friday, June 17th. This represents a $0.44 annualized dividend and a yield of 0.43%.

Teradyne has increased its dividend payment by an average of 3.6% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Teradyne has a dividend 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%.

TER opened at $101.86 on Friday. Teradyne has a one year low of $98.64 and a one year high of $168.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.33. The stock’s fifty day moving average is $112.19 and its 200-day moving average is $131.56. The company has a market capitalization of $16.32 billion, a PE ratio of 18.93, a P/E/G ratio of 1.91 and a beta of 1.49.

Teradyne (NASDAQ:TERGet Rating) last announced its earnings results on Tuesday, April 26th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. Teradyne had a return on equity of 40.67% and a net margin of 26.58%. The company had revenue of $755.30 million for the quarter, compared to analyst estimates of $741.98 million. During the same period in the previous year, the firm earned $1.11 earnings per share. Teradyne’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities research analysts forecast that Teradyne will post 4.85 EPS for the current fiscal year.

Several research firms have recently issued reports on TER. The Goldman Sachs Group downgraded Teradyne from a “buy” rating to a “neutral” rating and set a $127.00 price target for the company. in a research note on Sunday, March 27th. Robert W. Baird cut their price objective on Teradyne from $160.00 to $142.00 in a research report on Friday, January 28th. KeyCorp assumed coverage on Teradyne in a report on Tuesday, January 25th. They issued an “overweight” rating and a $180.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered Teradyne from a “buy” rating to a “hold” rating and lowered their price objective for the company from $170.00 to $120.00 in a research note on Friday, January 28th. Finally, Cowen decreased their price target on Teradyne from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, January 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $149.61.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zullo Investment Group Inc. bought a new stake in Teradyne in the 4th quarter valued at approximately $35,000. Neo Ivy Capital Management bought a new stake in Teradyne in the 4th quarter valued at approximately $49,000. Belpointe Asset Management LLC bought a new stake in Teradyne in the 4th quarter valued at approximately $169,000. Raymond James Trust N.A. lifted its stake in Teradyne by 18.9% in the 1st quarter. Raymond James Trust N.A. now owns 3,066 shares of the company’s stock valued at $363,000 after acquiring an additional 488 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new stake in Teradyne in the 4th quarter valued at approximately $509,000. Hedge funds and other institutional investors own 96.94% of the company’s stock.

Teradyne Company Profile (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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