Texas Instruments Incorporated (NASDAQ:TXN) to Issue $1.15 Quarterly Dividend

Texas Instruments Incorporated (NASDAQ:TXNGet Rating) declared a quarterly dividend on Thursday, April 28th, RTT News reports. Stockholders of record on Monday, May 9th will be given a dividend of 1.15 per share by the semiconductor company on Tuesday, May 17th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.62%.

Texas Instruments has increased its dividend by an average of 17.0% per year over the last three years and has increased its dividend annually for the last 19 consecutive years. Texas Instruments has a payout ratio of 49.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Texas Instruments to earn $9.37 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 49.1%.

Texas Instruments stock opened at $175.85 on Friday. The company has a market capitalization of $162.29 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.09 and a beta of 0.95. The firm’s fifty day simple moving average is $175.20 and its 200-day simple moving average is $182.56. The company has a current ratio of 5.33, a quick ratio of 4.58 and a debt-to-equity ratio of 0.54. Texas Instruments has a 1-year low of $160.50 and a 1-year high of $202.26.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its earnings results on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.17. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.73 billion. Texas Instruments had a net margin of 42.35% and a return on equity of 66.40%. Texas Instruments’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business posted $1.87 EPS. On average, equities research analysts predict that Texas Instruments will post 9.09 earnings per share for the current year.

In other Texas Instruments news, Director Mark A. Blinn sold 4,095 shares of the company’s stock in a transaction on Friday, February 4th. The shares were sold at an average price of $170.54, for a total value of $698,361.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Amichai Ron sold 2,037 shares of the company’s stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $171.96, for a total transaction of $350,282.52. The disclosure for this sale can be found here. In the last three months, insiders sold 39,601 shares of company stock worth $6,987,383. 0.54% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Monolith Advisors acquired a new position in shares of Texas Instruments in the fourth quarter valued at about $55,000. Zullo Investment Group Inc. acquired a new position in shares of Texas Instruments in the fourth quarter valued at about $144,000. First Community Trust NA acquired a new position in shares of Texas Instruments in the fourth quarter valued at about $170,000. OLD Mission Capital LLC acquired a new position in shares of Texas Instruments in the third quarter valued at about $207,000. Finally, Bell Rock Capital LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at about $251,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

A number of equities analysts have recently commented on TXN shares. KeyCorp reduced their price objective on shares of Texas Instruments from $240.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday. Raymond James downgraded shares of Texas Instruments from an “outperform” rating to a “market perform” rating in a report on Monday, February 14th. Mizuho reduced their price objective on shares of Texas Instruments from $190.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday. UBS Group dropped their target price on shares of Texas Instruments from $180.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Edward Jones downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Friday, February 11th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $193.53.

About Texas Instruments (Get Rating)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

See Also

Dividend History for Texas Instruments (NASDAQ:TXN)

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