Texas Instruments Incorporated (TXN) to Issue Quarterly Dividend of $1.15 on May 17th

Texas Instruments Incorporated (NASDAQ:TXNGet Rating) announced 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 annualized dividend and a dividend yield of 2.70%.

Texas Instruments has increased its dividend by an average of 17.0% annually over the last three years and has increased its dividend every year for the last 19 years. Texas Instruments has a dividend payout ratio of 49.3% meaning its dividend is sufficiently covered by earnings. Equities 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%.

NASDAQ:TXN opened at $170.25 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 5.33 and a quick ratio of 4.58. The firm has a market capitalization of $157.12 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.09 and a beta of 0.95. Texas Instruments has a one year low of $160.50 and a one year high of $202.26. The business has a fifty day moving average price of $175.27 and a 200-day moving average price of $182.43.

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

Several research analysts have commented on TXN shares. Truist Financial dropped their price objective on shares of Texas Instruments from $189.00 to $172.00 in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, January 26th. Edward Jones downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Friday, February 11th. Bank of America dropped their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Stifel Nicolaus lowered their price target on shares of Texas Instruments from $180.00 to $170.00 and set a “hold” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $193.53.

In related news, VP Amichai Ron sold 2,037 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 8th. The shares were sold at an average price of $171.96, for a total transaction of $350,282.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 4,095 shares of Texas Instruments stock in a transaction that occurred on Friday, February 4th. The shares were sold at an average price of $170.54, for a total transaction of $698,361.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,601 shares of company stock worth $6,987,383. Corporate insiders own 0.54% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Monolith Advisors acquired a new stake in Texas Instruments in the fourth quarter valued at approximately $55,000. Zullo Investment Group Inc. acquired a new stake in shares of Texas Instruments during the fourth quarter worth $144,000. First Community Trust NA acquired a new stake in shares of Texas Instruments during the fourth quarter worth $170,000. Bell Rock Capital LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth $251,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of Texas Instruments during the third quarter worth $207,000. Institutional investors own 82.99% of the company’s stock.

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.

Further Reading

Dividend History for Texas Instruments (NASDAQ:TXN)

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