Teradyne, Inc. (NASDAQ:TER) Declares $0.13 Quarterly Dividend

Teradyne, Inc. (NASDAQ:TER) announced a quarterly dividend on Monday, August 24th. Investors of record on Friday, September 4th will be given a dividend of 0.13 per share on Friday, September 25th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 4th.

Teradyne has raised its dividend payment by an average of 0.0%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 11.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Teradyne to earn $11.26 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 4.6%.

Teradyne Price Performance

Shares of TER stock opened at $364.90 on Tuesday. The firm’s 50-day moving average is $385.11 and its two-hundred day moving average is $355.09. Teradyne has a 12 month low of $109.56 and a 12 month high of $487.91. The company has a market capitalization of $57.05 billion, a PE ratio of 50.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.78.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a net margin of 25.77% and a return on equity of 39.93%. The business’s revenue for the quarter was up 103.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 EPS. Sell-side analysts forecast that Teradyne will post 9.1 EPS for the current year.

Insider Activity at Teradyne

In other news, CEO Gregory Stephen Smith sold 4,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $425.00, for a total transaction of $1,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 112,495 shares in the company, valued at $47,810,375. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Teradyne during the fourth quarter worth about $28,000. Community Financial Services Group LLC purchased a new position in shares of Teradyne in the second quarter valued at approximately $29,000. McIlrath & Eck LLC acquired a new position in shares of Teradyne in the first quarter valued at approximately $30,000. Elevation Wealth Partners LLC grew its holdings in shares of Teradyne by 1,320.0% in the second quarter. Elevation Wealth Partners LLC now owns 71 shares of the company’s stock valued at $34,000 after purchasing an additional 66 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Teradyne in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Company Profile

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.