Teradyne (NASDAQ:TER) Reaches New 52-Week High After Dividend Announcement

Teradyne, Inc. (NASDAQ:TERGet Free Report) hit a new 52-week high during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as $239.55 and last traded at $238.3290, with a volume of 547474 shares. The stock had previously closed at $231.75.

The newly announced dividend which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, February 13th. Teradyne’s dividend payout ratio is currently 17.45%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TER. Evercore ISI upped their price target on Teradyne from $120.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Citigroup boosted their target price on shares of Teradyne from $117.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. JPMorgan Chase & Co. upped their target price on shares of Teradyne from $122.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. The Goldman Sachs Group upgraded shares of Teradyne from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $148.00 to $230.00 in a report on Monday, December 15th. Finally, Zacks Research downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $205.75.

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Teradyne Trading Up 3.1%

The stock’s 50-day simple moving average is $202.41 and its 200-day simple moving average is $154.76. The stock has a market cap of $37.42 billion, a price-to-earnings ratio of 86.89, a price-to-earnings-growth ratio of 1.67 and a beta of 1.84.

Teradyne (NASDAQ:TERGet Free Report) last released its earnings results on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $769.21 million during the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS. On average, equities research analysts forecast that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Key Stories Impacting Teradyne

Here are the key news stories impacting Teradyne this week:

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, the chief executive officer owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Teradyne

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Teradyne in the 4th quarter valued at $37,000. True Wealth Design LLC increased its holdings in Teradyne by 49.6% in the 4th quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $41,000 after purchasing an additional 70 shares in the last quarter. Root Financial Partners LLC acquired a new position in Teradyne in the 3rd quarter worth about $31,000. Davidson Capital Management Inc. bought a new position in Teradyne in the third quarter valued at about $31,000. Finally, Hemington Wealth Management boosted its stake in shares of Teradyne by 43.2% during the third quarter. Hemington Wealth Management now owns 262 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 99.77% of the company’s stock.

Teradyne Company Profile

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Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.

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