Teradyne Inc. (TER) to Issue Quarterly Dividend of $0.06 on December 22nd
Teradyne Inc. (NYSE:TER) declared a quarterly dividend on Tuesday, November 15th. Stockholders of record on Wednesday, November 30th will be paid a dividend of 0.06 per share on Thursday, December 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Monday, November 28th.
Teradyne (NYSE:TER) opened at 25.16 on Friday. The firm’s market capitalization is $5.06 billion. The stock’s 50 day moving average price is $22.88 and its 200-day moving average price is $20.87. Teradyne has a one year low of $17.34 and a one year high of $25.18.
Teradyne (NYSE:TER) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The company had revenue of $410 million for the quarter, compared to the consensus estimate of $392.38 million. Teradyne had a positive return on equity of 14.46% and a negative net margin of 6.53%. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 EPS. On average, equities research analysts anticipate that Teradyne will post $1.41 earnings per share for the current fiscal year.
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Several research analysts have commented on the company. Zacks Investment Research raised Teradyne from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Friday, October 28th. TheStreet upgraded Teradyne from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Craig Hallum upgraded Teradyne from a “hold” rating to a “buy” rating in a research report on Thursday, August 25th. BMO Capital Markets lowered their price objective on Teradyne from $30.00 to $27.00 and set a “market perform” rating on the stock in a research report on Friday, October 28th. Finally, Cowen and Company boosted their price objective on Teradyne from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, October 28th. Five equities 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 an average target price of $23.59.
In other Teradyne news, Director Michael A. Bradley sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $21.39, for a total value of $320,850.00. Following the transaction, the director now owns 164,721 shares of the company’s stock, valued at $3,523,382.19. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael A. Bradley sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $23.47, for a total value of $234,700.00. Following the completion of the transaction, the director now directly owns 164,721 shares in the company, valued at approximately $3,866,001.87. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of TER. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Teradyne by 13.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,568 shares of the company’s stock worth $142,000 after buying an additional 756 shares in the last quarter. Pacad Investment Ltd. acquired a new position in Teradyne during the second quarter worth approximately $169,000. Zacks Investment Management acquired a new position in Teradyne during the second quarter worth approximately $205,000. HighTower Advisors LLC purchased a new stake in Teradyne during the third quarter worth $229,000. Finally, Janus Capital Management LLC increased its stake in Teradyne by 0.9% in the second quarter. Janus Capital Management LLC now owns 11,800 shares of the company’s stock worth $232,000 after buying an additional 100 shares during the last quarter. 91.71% of the stock is currently owned by institutional investors.
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.
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