Texas Instruments Incorporated (TXN) to Issue Quarterly Dividend of $1.36 on May 13th

Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend on Thursday, April 17th, RTT News reports. Stockholders of record on Wednesday, April 30th will be paid a dividend of 1.36 per share by the semiconductor company on Tuesday, May 13th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Wednesday, April 30th.

Texas Instruments has raised its dividend payment by an average of 7.0% per year over the last three years and has increased its dividend annually for the last 21 consecutive years. Texas Instruments has a dividend payout ratio of 82.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Texas Instruments to earn $6.44 per share next year, which means the company should continue to be able to cover its $5.44 annual dividend with an expected future payout ratio of 84.5%.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $162.86 on Monday. The stock has a market cap of $148.19 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The stock has a 50 day moving average price of $174.21 and a 200-day moving average price of $187.59. Texas Instruments has a one year low of $139.95 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Equities analysts expect that Texas Instruments will post 5.35 EPS for the current year.

Insider Buying and Selling

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the transaction, the chairman now owns 409,089 shares of the company’s stock, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 in the last three months. Corporate insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

An institutional investor recently raised its position in Texas Instruments stock. Brighton Jones LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 33.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 16,840 shares of the semiconductor company’s stock after acquiring an additional 4,218 shares during the period. Brighton Jones LLC’s holdings in Texas Instruments were worth $3,158,000 at the end of the most recent quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

TXN has been the subject of a number of recent analyst reports. Morgan Stanley restated an “underweight” rating and set a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a report on Thursday. KeyCorp dropped their price objective on Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday. Citigroup dropped their price objective on Texas Instruments from $235.00 to $210.00 and set a “buy” rating for the company in a report on Friday, April 11th. Rosenblatt Securities restated a “buy” rating and set a $216.00 price objective on shares of Texas Instruments in a report on Thursday. Finally, UBS Group dropped their price objective on Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a report on Thursday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $189.41.

About Texas Instruments

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.