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

Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Shareholders 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 yield of 2.90%.

Texas Instruments has increased its dividend payment by an average of 7.7% annually over the last three years and has increased its dividend every year for the last 21 years. Texas Instruments has a payout ratio of 74.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NASDAQ:TXN opened at $187.37 on Friday. Texas Instruments has a twelve month low of $155.46 and a twelve month high of $220.38. The firm has a market capitalization of $170.92 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 3.69 and a beta of 0.98. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm’s fifty day simple moving average is $195.95 and its 200 day simple moving average is $199.74.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.80 earnings per share. As a group, equities research analysts expect that Texas Instruments will post 5.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now 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 filing with the SEC, which is accessible through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TXN has been the subject of several analyst reports. Mizuho set a $200.00 target price on shares of Texas Instruments in a research note on Friday, October 18th. Evercore ISI lifted their target price on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Barclays reduced their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Finally, Truist Financial reduced their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average target price of $209.71.

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.