Teradyne, Inc. (NASDAQ:TER) to Issue $0.13 Quarterly Dividend

Teradyne, Inc. (NASDAQ:TER) declared a quarterly dividend on Monday, August 24th. Investors of record on Friday, September 4th will be paid a dividend of 0.13 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 4th.

Teradyne has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Teradyne has a dividend payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Teradyne to earn $11.26 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 4.6%.

Teradyne Trading Down 2.9%

Shares of Teradyne stock opened at $364.90 on Tuesday. The company has a market capitalization of $57.05 billion, a P/E ratio of 50.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.78. The stock has a fifty day simple moving average of $385.11 and a 200 day simple moving average of $355.09. Teradyne has a 12-month low of $109.56 and a 12-month high of $487.91.

Teradyne (NASDAQ:TER) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.38. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Teradyne had a return on equity of 39.93% and a net margin of 25.77%.During the same period last year, the business earned $0.57 EPS. The business’s revenue was up 103.9% on a year-over-year basis. On average, analysts predict that Teradyne will post 9.1 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TER. Cantor Fitzgerald reissued an “overweight” rating and set a $550.00 price target on shares of Teradyne in a research report on Wednesday, July 29th. Bank of America upped their price objective on shares of Teradyne from $365.00 to $525.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. upgraded shares of Teradyne from a “neutral” rating to an “overweight” rating and set a $400.00 price objective for the company in a research note on Thursday, April 30th. Morgan Stanley lifted their target price on shares of Teradyne from $387.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Finally, Susquehanna boosted their target price on Teradyne from $415.00 to $550.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Teradyne currently has an average rating of “Moderate Buy” and a consensus target price of $396.80.

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.