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

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 given 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 3.01%. The ex-dividend date of this dividend is Friday, January 31st.

Texas Instruments has raised its dividend by an average of 7.7% annually over the last three years and has increased its dividend annually for the last 21 consecutive years. Texas Instruments has a dividend payout ratio of 78.7% indicating that 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 $5.70 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 95.4%.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $180.57 on Wednesday. Texas Instruments has a 52 week low of $155.46 and a 52 week high of $220.38. The stock’s fifty day moving average is $192.97 and its two-hundred day moving average is $199.34. The company has a market capitalization of $164.72 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 3.84 and a beta of 0.98. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same quarter in the prior year, the firm earned $1.49 EPS. As a group, analysts expect that Texas Instruments will post 5.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TXN shares. Evercore ISI increased their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Morgan Stanley boosted their price objective on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Barclays decreased their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Susquehanna decreased their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Finally, Bank of America decreased their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $209.20.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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.