Teradyne, Inc. (TER) To Go Ex-Dividend on September 5th

Teradyne, Inc. (NASDAQ:TER) declared a quarterly dividend on Thursday, August 22nd, RTT News reports. Stockholders of record on Thursday, September 5th will be given a dividend of 0.12 per share on Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Thursday, September 5th.

Teradyne has increased its dividend payment by an average of 3.2% per year over the last three years. Teradyne has a payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Teradyne to earn $4.42 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 10.9%.

Teradyne Stock Up 2.1 %

Shares of TER opened at $136.73 on Tuesday. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of 51.99, a price-to-earnings-growth ratio of 2.80 and a beta of 1.49. Teradyne has a 52-week low of $81.07 and a 52-week high of $163.21. The stock has a 50 day moving average price of $138.41 and a 200 day moving average price of $126.03.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. Teradyne had a net margin of 18.33% and a return on equity of 18.77%. The company had revenue of $729.88 million during the quarter, compared to the consensus estimate of $701.20 million. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Teradyne’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts anticipate that Teradyne will post 3.02 EPS for the current fiscal year.

Insider Activity

In other news, CFO Sanjay Mehta sold 6,153 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Teradyne news, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $128.77, for a total transaction of $80,481.25. Following the completion of the transaction, the director now directly owns 17,143 shares of the company’s stock, valued at $2,207,504.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 35,834 shares in the company, valued at approximately $4,768,072.04. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TER shares. Cantor Fitzgerald upgraded Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research report on Friday, August 16th. Stifel Nicolaus upped their price target on shares of Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Evercore ISI downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. UBS Group raised their price target on Teradyne from $130.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, Northland Capmk downgraded Teradyne from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $141.50.

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.