Texas Instruments Incorporated Announces Quarterly Dividend of $1.30 (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend on Thursday, April 25th, RTT News reports. Stockholders of record on Wednesday, May 8th will be given a dividend of 1.30 per share by the semiconductor company on Tuesday, May 21st. This represents a $5.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Tuesday, May 7th.

Texas Instruments has increased its dividend payment by an average of 10.5% per year over the last three years and has increased its dividend every year for the last 20 years. Texas Instruments has a payout ratio of 82.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Texas Instruments to earn $6.31 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 82.4%.

Texas Instruments Stock Performance

TXN opened at $178.91 on Monday. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. Texas Instruments has a 1-year low of $139.48 and a 1-year high of $188.12. The company has a market cap of $162.89 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 3.81 and a beta of 1.01. The company’s fifty day moving average price is $170.68 and its two-hundred day moving average price is $163.12.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business’s revenue was down 16.4% compared to the same quarter last year. During the same period last year, the firm posted $1.85 EPS. On average, analysts expect that Texas Instruments will post 5.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Stifel Nicolaus increased their price target on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, KeyCorp boosted their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $180.74.

Insider Activity at Texas Instruments

In other news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 228,529 shares of company stock worth $40,502,458. Company insiders own 0.68% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.