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

Texas Instruments Incorporated (NASDAQ:TXN) announced a quarterly dividend on Thursday, September 19th, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 1.36 per share by the semiconductor company on Tuesday, November 12th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30.

Texas Instruments has raised its dividend 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 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. Equities research analysts expect Texas Instruments to earn $6.14 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 84.7%.

Texas Instruments Price Performance

Shares of TXN opened at $203.30 on Friday. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $214.66. The firm’s fifty day simple moving average is $200.78 and its 200-day simple moving average is $189.84. The firm has a market capitalization of $185.62 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 4.31 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period last year, the business earned $1.87 EPS. The company’s revenue was down 15.6% on a year-over-year basis. Equities analysts forecast that Texas Instruments will post 5.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now owns 11,806 shares in the company, valued at $2,473,238.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock valued at $3,255,323. Corporate insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Robert W. Baird raised their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, The Goldman Sachs Group raised their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $204.67.

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.