TER stock’s dividend yield for TTM is 0.44% and its last dividend payment was $0.11 per share. The TER last ex-dividend date was August 31, 2023, and its payout ratio is 13.05%. TER’s dividend payments are covered by earnings and cash flows, which is a positive sign for its dividend safety and sustainability. A low dividend payout ratio indicates that the TER stock is confident in its future prospects and has enough cash flow to reinvest in its business.
Even though investors have made a lot of profit from the TER stock, the dividend amount has shown that the company is financially and fundamentally healthy, as it has increased from $0.28 to $0.44 in the past five years.
Teradyne Inc.’s stock latest quarterly earnings report for the period ending July 2023, displayed a revenue of $684.02 Million, with a net income of $120.05 Million, and a gain in profit margin from the last quarter of 17.55%. This quarter, the TER reported revenue exceeded analysts’ estimates by $27.495 Million (4.19%).
Also, the TER stock reported an EPS of $0.79 for the period ending June 2023, beating the analysts’ estimate of $0.657 by 20.23%. The next quarter’s Teradyne Inc.’s revenue is estimated to be $684.636 Million and an estimated EPS of $0.728. The report will be released on October 24, 2023.
Furthermore, TER stock’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $3.39 Billion and total liabilities of $960.01 Million. The TER debt-to-assets ratio is at 28.28%.
TER Stock Price Technical Analysis in 1-D Timeframe
The TER stock has a float of 153.439 Million shares and a market cap of $15.307 Billion. The TER stock has a CMP of $99.39 and an intraday loss of 0.17%. The TER stock’s average volume for the last 10 days is 1.374 Million and its current volume is 1.136 Million.
According to the Teradyne Inc. (NASDAQ: TER) stock’s price action that was displayed on its chart, the TER stock price started surging upwards from the $42 support level in March 2020. It reached a high of $168 in the last week of December 2021, by making a continuous upward break of structures and is moving in a higher highs and lows pattern, which formed an uptrend.
However, this uptrend got disturbed and gave a huge gap down as the TER stock faced resistance and started to fall by making lower lows and highs as investors pulled out their profits from multiple quarterly reports and dividends.
Conversely, the stock has shown recovery traits as the TER price took support and stopped making new lows at a vital level of around $70 on the charts in October 2022. In recent times, it has been following trendline support and rising.
Therefore, if the Teradyne stock manages to gain strong buying momentum and surges above the previous swing high, it can shoot a rally upwards. The probable resistance levels are between $109 and $118.
Alternatively, if the TER stock faces resistance again and continues to fall below and breaks below $94, it could fall up to $87.
At the time of publishing, the price of Teradyne Inc. (NASDAQ: TER) took support and rose upward trying to sustain around 20 EMA. Therefore, if more buying volume assists the TER price in surging upwards, the stock may surpass major rejecting levels and EMA’s and may thrust for making new highs.
The MACD indicates a bullish cross and shows bullishness in TER stock as the histogram width is broadening in the MACD tool. The RSI is at 48.51 as RSI took support on 14 SMA which is at 47.02. The indicators in the TER stock show bullish signs on the charts.
In addition, the stock ratings for TER stock are positive and highly recommended based on 20 analysts who have evaluated the stock in the last three months. The 1-year price forecasts for TER stock by 17 analysts range between $105.00 to $155.00.
Summary
Teradyne Inc. (NASDAQ: TER) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D timeframe. The price action shows a bullish outlook at the time of publishing. The technical analysis tools of the Teradyne stock price highlight upward signals and support bullishness.
Technical Levels
Support Levels: $94 and $87
Resistance Levels: $109 and $118
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/10/13/ter-stock-forecast-will-nasdaq-ter-jump-above-120-and-more/