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

Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend on Thursday, April 25th, RTT News reports. Investors of record on Wednesday, May 8th will be paid a dividend of 1.30 per share by the semiconductor company on Tuesday, May 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.97%.

Texas Instruments has raised its dividend by an average of 10.5% per year over the last three years and has increased its dividend annually for the last 20 consecutive years. Texas Instruments has a payout ratio of 81.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Texas Instruments to earn $6.28 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 82.8%.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $175.25 on Friday. The business has a fifty day simple moving average of $168.95 and a 200 day simple moving average of $162.08. The company has a current ratio of 4.91, a quick ratio of 3.35 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $159.49 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 3.77 and a beta of 1.04. Texas Instruments has a one year low of $139.48 and a one year high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the business posted $1.85 earnings per share. The business’s revenue was down 16.4% compared to the same quarter last year. Sell-side analysts expect that Texas Instruments will post 5.16 EPS for the current year.

Insider Buying and Selling at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

TXN has been the topic of a number of analyst reports. Robert W. Baird upped their price target on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. Stifel Nicolaus upped their price target on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research report on Wednesday. Evercore ISI increased their target price on Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a report on Wednesday. Finally, The Goldman Sachs Group increased their target price on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $180.74.

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.