Teradyne Inc. (NYSE:TER) reached a new 52-week high during trading on Wednesday after the company announced a dividend. The stock traded as high as $24.43 and last traded at $24.43, with a volume of 760,326 shares changing hands. The stock had previously closed at $24.28.

The newly announced dividend which will be paid on Thursday, December 22nd. Investors of record on Wednesday, November 30th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, November 28th. Teradyne’s payout ratio is -43.64%.

Several equities analysts recently commented on TER shares. Zacks Investment Research raised shares of Teradyne from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Friday, October 28th. Deutsche Bank AG dropped their price objective on shares of Teradyne from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, July 29th. DA Davidson increased their price objective on shares of Teradyne from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Craig Hallum raised shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Thursday, August 25th. Finally, TheStreet raised shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Teradyne currently has an average rating of “Buy” and a consensus price target of $23.59.

The stock’s market capitalization is $4.99 billion. The firm has a 50 day moving average of $22.29 and a 200-day moving average of $20.62.

Teradyne (NYSE:TER) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05. Teradyne had a negative net margin of 6.53% and a positive return on equity of 14.46%. The business earned $410 million during the quarter, compared to analysts’ expectations of $392.38 million. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, equities analysts anticipate that Teradyne Inc. will post $1.41 EPS for the current year.

In other Teradyne news, Director Michael A. Bradley sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $21.39, for a total value of $320,850.00. Following the completion of the transaction, the director now owns 164,721 shares of the company’s stock, valued at approximately $3,523,382.19. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael A. Bradley sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $23.47, for a total transaction of $234,700.00. Following the completion of the transaction, the director now directly owns 164,721 shares of the company’s stock, valued at approximately $3,866,001.87. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC boosted its position in Teradyne by 70.0% in the second quarter. LS Investment Advisors LLC now owns 12,305 shares of the company’s stock worth $242,000 after buying an additional 5,068 shares in the last quarter. Acadian Asset Management LLC boosted its position in Teradyne by 449.7% in the second quarter. Acadian Asset Management LLC now owns 59,419 shares of the company’s stock worth $1,170,000 after buying an additional 48,610 shares in the last quarter. Nordea Investment Management AB boosted its position in Teradyne by 44.7% in the second quarter. Nordea Investment Management AB now owns 149,543 shares of the company’s stock worth $2,945,000 after buying an additional 46,163 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in Teradyne by 741.8% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 546,222 shares of the company’s stock worth $10,755,000 after buying an additional 481,337 shares in the last quarter. Finally, Cutler Group LP boosted its position in Teradyne by 270.3% in the second quarter. Cutler Group LP now owns 5,343 shares of the company’s stock worth $105,000 after buying an additional 3,900 shares in the last quarter. 92.78% of the stock is owned by institutional investors and hedge funds.

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, computing, communications and aerospace and defense industries.

5 Day Chart for NYSE:TER

Receive News & Stock Ratings for Teradyne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne Inc. and related stocks with our FREE daily email newsletter.