Teradyne (NASDAQ:TER) Reaches New 52-Week High Following Dividend Announcement

Teradyne, Inc. (NASDAQ:TER) shares hit a new 52-week high during trading on Tuesday after the company announced a dividend. The stock traded as high as $239.55 and last traded at $238.3290, with a volume of 547474 shares trading hands. The stock had previously closed at $231.75.

The newly announced dividend which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, February 13th. Teradyne’s payout ratio is currently 17.45%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TER shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradyne in a research note on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $240.00 price objective on shares of Teradyne in a research report on Tuesday, December 16th. The Goldman Sachs Group raised Teradyne from a “sell” rating to a “buy” rating and lifted their target price for the company from $148.00 to $230.00 in a research report on Monday, December 15th. Bank of America upped their price target on Teradyne from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, UBS Group lifted their price objective on shares of Teradyne from $200.00 to $275.00 and gave the company a “buy” rating in a report on Monday. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Teradyne presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.75.

Teradyne Trading Up 2.8%

The firm’s 50 day moving average price is $200.91 and its two-hundred day moving average price is $153.76. The company has a market capitalization of $37.33 billion, a price-to-earnings ratio of 86.63, a price-to-earnings-growth ratio of 1.65 and a beta of 1.84.

Teradyne (NASDAQ:TER) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.85 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 analysts’ expectations of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.Teradyne’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $0.90 earnings per share. As a group, equities research analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Insider Transactions at Teradyne

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction dated Friday, December 12th. The shares were 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 $18,804,165.79. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Teradyne

Several institutional investors and hedge funds have recently modified their holdings of TER. Wellington Management Group LLP grew its position in shares of Teradyne by 13,949.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,036,887 shares of the company’s stock worth $280,357,000 after purchasing an additional 2,022,389 shares in the last quarter. Norges Bank acquired a new stake in Teradyne during the second quarter worth approximately $152,854,000. Federated Hermes Inc. increased its stake in Teradyne by 79.7% during the 2nd quarter. Federated Hermes Inc. now owns 3,785,067 shares of the company’s stock worth $340,353,000 after acquiring an additional 1,679,215 shares during the period. Amundi raised its holdings in Teradyne by 255.3% in the 2nd quarter. Amundi now owns 1,812,001 shares of the company’s stock valued at $170,654,000 after acquiring an additional 1,302,025 shares in the last quarter. Finally, Primecap Management Co. CA raised its holdings in Teradyne by 58.6% in the 2nd quarter. Primecap Management Co. CA now owns 3,047,558 shares of the company’s stock valued at $274,036,000 after acquiring an additional 1,125,868 shares in the last quarter. 99.77% of the stock is currently owned by institutional investors and hedge funds.

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.