Teradyne, Inc. (NASDAQ:TER) Announces Quarterly Dividend of $0.12

Teradyne, Inc. (NASDAQ:TER) declared a quarterly dividend on Monday, January 26th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.12 per share on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 13th.

Teradyne has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Teradyne has a payout ratio of 10.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 1.1%

TER opened at $231.75 on Tuesday. Teradyne has a 52 week low of $65.77 and a 52 week high of $238.92. The stock has a market cap of $36.29 billion, a PE ratio of 84.27, a PEG ratio of 1.65 and a beta of 1.84. The business has a 50 day moving average of $200.91 and a 200-day moving average of $153.76.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $769.21 million during the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 earnings per share. Equities analysts anticipate that Teradyne will post 3.88 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $201.31, for a total value of $223,051.48. Following the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at approximately $18,804,165.79. This represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by insiders.

Institutional Trading of Teradyne

A number of institutional investors and hedge funds have recently modified their holdings of TER. Integrated Wealth Concepts LLC boosted its position in shares of Teradyne by 12.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock valued at $342,000 after buying an additional 468 shares during the last quarter. Caxton Associates LLP purchased a new position in Teradyne in the 1st quarter worth about $297,000. Park Avenue Securities LLC lifted its stake in Teradyne by 116.7% during the 2nd quarter. Park Avenue Securities LLC now owns 6,598 shares of the company’s stock valued at $593,000 after acquiring an additional 3,553 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Teradyne by 3.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 53,670 shares of the company’s stock valued at $4,826,000 after acquiring an additional 1,805 shares during the last quarter. Finally, GC Wealth Management RIA LLC grew its stake in shares of Teradyne by 12.7% in the second quarter. GC Wealth Management RIA LLC now owns 5,840 shares of the company’s stock worth $525,000 after acquiring an additional 656 shares during the period. Institutional investors own 99.77% of the company’s stock.

About Teradyne

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.