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

Texas Instruments Incorporated (NASDAQ:TXN) announced a quarterly dividend on Thursday, April 25th, RTT News reports. Stockholders of record on Wednesday, May 8th will be given 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 2.93%. The ex-dividend date of this dividend is Tuesday, May 7th.

Texas Instruments has raised its dividend payment by an average of 10.5% annually over the last three years and has increased its dividend every year for the last 20 years. Texas Instruments has a 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 tumble. Equities research analysts expect Texas Instruments to earn $6.31 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 82.4%.

Texas Instruments Stock Up 1.3 %

TXN stock opened at $177.48 on Friday. The stock has a market capitalization of $161.59 billion, a P/E ratio of 27.69, a P/E/G ratio of 3.75 and a beta of 1.04. The firm has a 50-day simple moving average of $169.29 and a 200-day simple moving average of $162.22. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the prior year, the company earned $1.85 EPS. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. Equities analysts forecast that Texas Instruments will post 5.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TXN. Robert W. Baird upped their price objective on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday. Truist Financial upped their price objective on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday. Benchmark reaffirmed a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday. The Goldman Sachs Group upped their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research note on Wednesday. Finally, Morgan Stanley increased their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $180.74.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction that occurred on 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 directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.68% of the company’s stock.

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.