Texas Instruments Incorporated (TXN) to Issue Quarterly Dividend of $1.36 on February 11th

Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Investors of record on Friday, January 31st will be paid a dividend of 1.36 per share by the semiconductor company on Tuesday, February 11th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st.

Texas Instruments has raised its dividend by an average of 7.7% per year over the last three years and has increased its dividend every year for the last 21 years. Texas Instruments has a dividend payout ratio of 74.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Texas Instruments to earn $5.72 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 95.1%.

Texas Instruments Trading Up 2.7 %

TXN opened at $192.42 on Friday. The stock has a market capitalization of $175.53 billion, a price-to-earnings ratio of 35.77, a P/E/G ratio of 3.69 and a beta of 0.98. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments has a twelve month low of $155.46 and a twelve month high of $220.38. The company has a 50-day simple moving average of $195.35 and a 200 day simple moving average of $199.65.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.80 EPS. Analysts predict that Texas Instruments will post 5.08 EPS for the current fiscal year.

Insider Activity

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Bank of America decreased their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Barclays reduced their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Morgan Stanley upped their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial cut their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average price target of $209.71.

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.