Teradyne, Inc. (NYSE:TER) declared a quarterly dividend on Tuesday, November 14th, RTT News reports. Stockholders 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%.
Teradyne has a dividend payout ratio of 12.6% meaning 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%.
Shares of Teradyne (NYSE TER) traded up $0.15 during midday trading on Tuesday, hitting $43.85. The stock had a trading volume of 2,294,200 shares, compared to its average volume of 2,463,803. The company has a market capitalization of $8,572.09, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.64 and a beta of 1.04. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.67 and a current ratio of 4.96. Teradyne has a one year low of $23.39 and a one year high of $44.33.
Teradyne (NYSE:TER) last announced its earnings results on Wednesday, October 25th. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. The company had revenue of $503.40 million for the quarter, compared to analyst estimates of $472.86 million. Teradyne had a return on equity of 22.39% and a net margin of 21.11%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. research analysts predict that Teradyne will post 2.22 earnings per share for the current fiscal year.
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In related news, Director Edwin J. Gillis sold 41,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $35.63, for a total transaction of $1,460,830.00. Following the sale, the director now owns 49,638 shares of the company’s stock, valued at approximately $1,768,601.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Charles Jeffrey Gray sold 8,161 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $42.25, for a total value of $344,802.25. Following the sale, the vice president now directly owns 31,500 shares in the company, valued at approximately $1,330,875. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,012 shares of company stock worth $5,138,429. 0.62% of the stock is currently owned by company insiders.
A number of equities analysts have commented on the company. Zacks Investment Research lowered Teradyne from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Robert W. Baird restated a “positive” rating and set a $48.00 price objective (up previously from $37.00) on shares of Teradyne in a research note on Friday, October 27th. Cowen and Company set a $41.00 price objective on Teradyne and gave the stock a “buy” rating in a research note on Friday, July 28th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Teradyne in a research note on Friday, September 1st. Finally, BidaskClub upgraded Teradyne from a “hold” rating to a “buy” rating in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $40.17.
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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