Teradyne, Inc. (NASDAQ:TER – Get 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 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Tuesday, May 24th.
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 payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. 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 $102.37 on Friday. Teradyne has a one year low of $97.63 and a one year high of $168.91. The firm has a market capitalization of $16.40 billion, a PE ratio of 19.03, a PEG ratio of 1.90 and a beta of 1.49. The company has a current ratio of 3.33, a quick ratio of 2.97 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $111.56 and a two-hundred day moving average price of $130.23.
A number of hedge funds and other institutional investors have recently modified their holdings of TER. Robeco Schweiz AG increased its position in Teradyne by 69.1% in the 1st quarter. Robeco Schweiz AG now owns 752,600 shares of the company’s stock worth $88,980,000 after buying an additional 307,600 shares during the period. Invesco Ltd. increased its position in Teradyne by 11.9% in the 1st quarter. Invesco Ltd. now owns 1,965,517 shares of the company’s stock worth $232,383,000 after buying an additional 208,790 shares during the period. First Trust Advisors LP increased its position in Teradyne by 376.4% in the 1st quarter. First Trust Advisors LP now owns 245,477 shares of the company’s stock worth $29,023,000 after buying an additional 193,953 shares during the period. Vanguard Group Inc. increased its position in Teradyne by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 18,128,206 shares of the company’s stock worth $2,143,298,000 after buying an additional 154,445 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Teradyne by 23.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 767,055 shares of the company’s stock worth $90,690,000 after buying an additional 145,237 shares during the period. 96.94% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on TER shares. Susquehanna Bancshares reduced their price target on Teradyne from $165.00 to $150.00 and set a “positive” rating for the company in a report on Friday, January 28th. Robert W. Baird reduced their price target on Teradyne from $160.00 to $142.00 in a report on Friday, January 28th. KeyCorp started coverage on Teradyne in a report on Tuesday, January 25th. They set an “overweight” rating and a $180.00 price target for the company. Craig Hallum upgraded Teradyne from a “hold” rating to a “buy” rating and set a $138.00 price target for the company in a report on Friday, January 28th. Finally, The Goldman Sachs Group lowered Teradyne from a “buy” rating to a “neutral” rating and set a $127.00 price target for the company. in a report on Sunday, March 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $149.61.
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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