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

Teradyne, Inc. (NASDAQ:TER) declared a quarterly dividend on Monday, January 26th. Investors 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 yield of 0.2%. The ex-dividend date of this dividend is Friday, February 13th.

Teradyne has raised 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 dividend payout ratio of 10.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NASDAQ TER traded up $6.54 during trading on Tuesday, hitting $238.29. 322,889 shares of the company were exchanged, compared to its average volume of 2,625,951. Teradyne has a 1 year low of $65.77 and a 1 year high of $238.92. The company has a market cap of $37.32 billion, a price-to-earnings ratio of 86.38, a PEG ratio of 1.65 and a beta of 1.84. The firm’s fifty day moving average price is $200.91 and its 200 day moving average price is $153.76.

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

Insider Activity

In other Teradyne news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of Nova Scotia boosted its holdings in Teradyne by 546.5% in the second quarter. Bank of Nova Scotia now owns 98,254 shares of the company’s stock valued at $8,835,000 after purchasing an additional 83,055 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Teradyne by 3.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 277,002 shares of the company’s stock worth $24,908,000 after acquiring an additional 9,094 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Teradyne by 291.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 24,995 shares of the company’s stock valued at $2,247,000 after purchasing an additional 18,612 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Teradyne by 73.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,585 shares of the company’s stock worth $412,000 after purchasing an additional 1,939 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Teradyne during the third quarter worth $895,000. 99.77% of the stock is currently owned by institutional investors.

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.