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

Teradyne, Inc. (NASDAQ:TER) declared a quarterly dividend on Monday, January 27th,RTT News reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.12 per share on Friday, March 14th. This represents a $0.48 annualized dividend and a yield of 0.40%.

Teradyne has raised its dividend payment by an average of 6.3% annually over the last three years. Teradyne has a dividend payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Teradyne to earn $4.10 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 11.7%.

Teradyne Trading Down 7.4 %

Shares of TER stock opened at $120.27 on Tuesday. The company has a market capitalization of $19.59 billion, a price-to-earnings ratio of 38.18, a P/E/G ratio of 2.25 and a beta of 1.46. Teradyne has a 1-year low of $92.29 and a 1-year high of $163.21. The stock’s fifty day simple moving average is $124.27 and its 200-day simple moving average is $125.98.

Insider Activity at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 74,660 shares in the company, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

TER has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $145.00 to $158.00 in a research note on Monday, December 16th. Northland Securities raised Teradyne from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $117.00 to $154.00 in a research report on Monday, January 6th. Craig Hallum dropped their target price on Teradyne from $124.00 to $111.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Robert W. Baird reduced their price target on Teradyne from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Susquehanna increased their price objective on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Teradyne has an average rating of “Moderate Buy” and an average target price of $149.31.

Teradyne announced that its board has initiated a share repurchase program on Monday, November 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

About Teradyne

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.