Texas Instruments Incorporated Plans Quarterly Dividend of $1.36 (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) declared a quarterly dividend on Thursday, July 17th, RTT News reports. Investors of record on Thursday, July 31st will be given a dividend of 1.36 per share by the semiconductor company on Tuesday, August 12th. This represents a $5.44 dividend on an annualized basis and a yield of 2.51%.

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 decline. Research 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 TXN traded down $0.05 during midday trading on Thursday, reaching $216.59. The stock had a trading volume of 4,919,370 shares, compared to its average volume of 6,463,651. Texas Instruments has a 52 week low of $139.95 and a 52 week high of $221.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The company has a market capitalization of $196.77 billion, a P/E ratio of 41.10, a P/E/G ratio of 3.53 and a beta of 1.03. The firm's 50 day moving average price is $197.45 and its 200-day moving average price is $184.86.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The business's quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts forecast that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Texas Instruments

A hedge fund recently raised its stake in Texas Instruments stock. Intech Investment Management LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 12.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,084 shares of the semiconductor company's stock after purchasing an additional 1,031 shares during the period. Intech Investment Management LLC's holdings in Texas Instruments were worth $1,632,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 84.99% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TXN. Wells Fargo & Company lifted their target price on Texas Instruments from $190.00 to $215.00 and gave the stock an "equal weight" rating in a report on Wednesday. Rosenblatt Securities reiterated a "buy" rating and set a $216.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a report on Wednesday, April 30th. Morgan Stanley reiterated an "underweight" rating and set a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Finally, Stifel Nicolaus lowered their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Texas Instruments has an average rating of "Hold" and an average price target of $203.53.

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.

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