Teradyne, Inc. (NASDAQ:TER – Get Free Report) announced a quarterly dividend on Monday, November 10th. Shareholders of record on Monday, November 24th will be given a dividend of 0.12 per share on Wednesday, December 17th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, November 24th.
Teradyne has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Teradyne has a payout ratio of 10.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Teradyne to earn $5.10 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 9.4%.
Teradyne Price Performance
NASDAQ TER opened at $184.08 on Tuesday. The company has a market cap of $28.83 billion, a P/E ratio of 66.94, a P/E/G ratio of 3.64 and a beta of 1.90. Teradyne has a 12 month low of $65.77 and a 12 month high of $191.56. The company has a 50-day moving average of $141.04 and a 200-day moving average of $109.36.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on TER shares. Stifel Nicolaus lifted their price target on shares of Teradyne from $119.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Teradyne in a report on Wednesday, October 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 price target on shares of Teradyne in a research report on Wednesday, October 29th. Bank of America upgraded Teradyne from an “underperform” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Wednesday, October 29th. Finally, Morgan Stanley boosted their target price on Teradyne from $100.00 to $136.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $164.06.
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.
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