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

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) 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 annualized dividend and a dividend yield of 2.97%.

Texas Instruments has increased its dividend payment by an average of 10.5% annually over the last three years and has increased its dividend annually for the last 20 consecutive years. Texas Instruments has a dividend payout ratio of 81.6% meaning 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 $6.29 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 82.7%.

Texas Instruments Stock Up 0.3 %

NASDAQ:TXN traded up $0.44 during mid-day trading on Thursday, hitting $175.25. The company had a trading volume of 9,129,091 shares, compared to its average volume of 5,711,318. 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 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $188.12. The firm has a market capitalization of $159.49 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 3.56 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the company posted $1.85 earnings per share. The firm's revenue was down 16.4% compared to the same quarter last year. Equities analysts forecast that Texas Instruments will post 5.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the firm's stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares of the company's stock, valued at $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TXN has been the topic of several research reports. Stifel Nicolaus raised their price objective on Texas Instruments from $160.00 to $172.00 and gave the company a "hold" rating in a research report on Wednesday. Susquehanna raised their target price on Texas Instruments from $200.00 to $205.00 and gave the company a "positive" rating in a research note on Wednesday. TD Cowen raised their target price on Texas Instruments from $160.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday. Morgan Stanley raised their target price on Texas Instruments from $138.00 to $146.00 and gave the company an "underweight" rating in a research note on Wednesday, January 24th. Finally, Evercore ISI raised their target price on Texas Instruments from $213.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.