Teradyne, Inc. (NASDAQ:TER – Get Free Report)’s stock price rose 12.7% during mid-day trading on Monday following a dividend announcement from the company. The stock traded as high as $247.48 and last traded at $246.00. Approximately 5,343,890 shares traded hands during trading, an increase of 47% from the average session volume of 3,629,651 shares. The stock had previously closed at $218.21.
The newly announced dividend which will be paid on Wednesday, December 16th. Investors of record on Monday, November 23rd will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, November 23rd. Teradyne’s dividend payout ratio is presently 5.97%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on TER shares. Wall Street Zen downgraded shares of Teradyne from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group cut their price objective on Teradyne from $485.00 to $430.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $550.00 target price on shares of Teradyne in a report on Wednesday, July 29th. Evercore restated an “outperform” rating and issued a $420.00 target price on shares of Teradyne in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded Teradyne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $397.73.
Get Our Latest Analysis on Teradyne
Teradyne Stock Performance
The company has a market capitalization of $41.49 billion, a PE ratio of 30.51, a PEG ratio of 0.48 and a beta of 1.73. The business’s 50-day moving average is $347.34 and its 200-day moving average is $348.91.
Teradyne (NASDAQ:TER – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.09 by $0.20. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.27 billion. Teradyne had a net margin of 27.46% and a return on equity of 43.81%. Teradyne’s quarterly revenue was up 69.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Analysts expect that Teradyne, Inc. will post 9.41 EPS for the current year.
Latest Teradyne News
These are some of the TER news items that stood out recently:
- Positive Sentiment: Jefferies initiated coverage with a Buy rating and a $284 price target, citing the opportunity in AI chip testing and a growing relationship with Nvidia. The firm sees a potential $2 billion Nvidia-related opportunity for Teradyne. Barron’s article
- Positive Sentiment: The debut of the Omnyx Edge test platform extends Teradyne’s reach into edge-AI and physical-AI hardware, connecting its testing expertise with potential demand from factory automation and robotics. Investors will look for evidence that the new platform can add to AI-driven growth. Yahoo Finance article
- Neutral Sentiment: Teradyne declared a quarterly cash dividend of $0.13 per share, payable December 16 to shareholders of record November 23. The dividend provides a modest cash return but is unlikely to be a major growth catalyst. Yahoo Finance dividend announcement
Insider Activity at Teradyne
In related news, CEO Gregory Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $341.28, for a total value of $1,365,120.00. Following the sale, the chief executive officer owned 104,495 shares in the company, valued at $35,662,053.60. This represents a 3.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 12,000 shares of company stock valued at $4,416,440. Insiders own 0.19% of the company’s stock.
Institutional Investors Weigh In On Teradyne
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Teradyne during the second quarter valued at $9,404,408,000. State Street Corp boosted its stake in Teradyne by 4.6% in the 2nd quarter. State Street Corp now owns 7,290,460 shares of the company’s stock worth $3,527,416,000 after purchasing an additional 320,034 shares in the last quarter. Aberdeen Group plc boosted its stake in Teradyne by 3,714.7% in the 3rd quarter. Aberdeen Group plc now owns 4,654,505 shares of the company’s stock worth $1,866,038,000 after purchasing an additional 4,532,489 shares in the last quarter. Van ECK Associates Corp grew its position in Teradyne by 5.0% during the 2nd quarter. Van ECK Associates Corp now owns 2,607,914 shares of the company’s stock valued at $1,261,813,000 after purchasing an additional 123,549 shares during the last quarter. Finally, ABS Investment Management LLC purchased a new stake in Teradyne during the 2nd quarter valued at about $1,006,387,000. 99.77% of the stock is owned by institutional investors.
Teradyne Company Profile
Teradyne, Inc. develops and supplies automated test equipment and robotics used by manufacturers around the world. Its test systems help customers evaluate the performance and reliability of semiconductor devices, electronic products, wireless components and storage products. The company’s offerings include semiconductor test systems, system-level test equipment and wireless test solutions. Teradyne also serves industrial automation markets through Universal Robots, which makes collaborative robots, and Mobile Industrial Robots, which develops autonomous mobile robots for moving materials in factories and other facilities.
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