Teradyne, Inc. (TER) to Issue Quarterly Dividend of $0.07 on December 21st
Teradyne, Inc. (NYSE:TER) announced a quarterly dividend on Tuesday, November 14th, RTT News reports. Investors of record on Wednesday, November 29th will be paid a dividend of 0.07 per share by the semiconductor company on Thursday, December 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Tuesday, November 28th.
Teradyne has a dividend payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Teradyne to earn $2.24 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 12.5%.
Teradyne (NYSE:TER) opened at $43.64 on Monday. Teradyne has a 52 week low of $23.39 and a 52 week high of $44.63. The stock has a market cap of $8,560.33, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.64 and a beta of 1.04. The company has a quick ratio of 4.67, a current ratio of 4.96 and a debt-to-equity ratio of 0.17.
Teradyne (NYSE:TER) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. Teradyne had a net margin of 21.11% and a return on equity of 22.39%. The firm had revenue of $503.40 million for the quarter, compared to analysts’ expectations of $472.86 million. During the same period last year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. equities research analysts predict that Teradyne will post 2.22 EPS for the current year.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, September 19th. Citigroup Inc. lifted their price target on shares of Teradyne from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. KeyCorp reissued a “buy” rating and set a $47.00 price target on shares of Teradyne in a research report on Friday, October 27th. BidaskClub cut shares of Teradyne from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Deutsche Bank AG cut shares of Teradyne from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research report on Monday, November 20th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Teradyne has an average rating of “Buy” and a consensus price target of $41.00.
In related news, insider Mark E. Jagiela sold 80,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $43.55, for a total value of $3,484,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael A. Bradley sold 22,168 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $35.64, for a total transaction of $790,067.52. Following the completion of the sale, the director now directly owns 194,938 shares in the company, valued at $6,947,590.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 236,012 shares of company stock worth $9,495,829. Insiders own 0.62% of the company’s stock.
Teradyne Company Profile
Teradyne, Inc supplies automation equipment for test and industrial applications. The Company designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, communications, and aerospace and defense industries.
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