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

Teradyne, Inc. (NASDAQ:TER) announced a quarterly dividend on Monday, January 27th,RTT News reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.12 per share on Friday, March 14th. This represents a $0.48 annualized dividend and a yield of 0.40%.

Teradyne has raised its dividend by an average of 6.3% per year over the last three years. Teradyne has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Teradyne to earn $4.10 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

TER opened at $120.27 on Tuesday. Teradyne has a fifty-two week low of $92.29 and a fifty-two week high of $163.21. The company has a market cap of $19.59 billion, a price-to-earnings ratio of 38.18, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46. The firm has a 50 day simple moving average of $124.27 and a 200 day simple moving average of $125.98.

Insider Buying and Selling

In related news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This represents a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TER has been the topic of several recent analyst reports. Susquehanna lifted their price objective on shares of Teradyne from $145.00 to $165.00 and gave the stock a “positive” rating in a research note on Wednesday, January 22nd. Evercore ISI boosted their price target on shares of Teradyne from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus lowered their price target on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $145.00 to $158.00 in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.31.

Teradyne announced that its Board of Directors has approved a share repurchase plan on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors 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.