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

Texas Instruments Incorporated (NASDAQ:TXN) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Investors 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 2.83%. The ex-dividend date is Friday, January 31st.

Texas Instruments has increased its dividend 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 dividend payout ratio of 74.3% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of TXN stock opened at $192.42 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The firm has a 50-day moving average of $195.35 and a 200-day moving average of $199.65. Texas Instruments has a one year low of $155.46 and a one year high of $220.38. The company has a market cap of $175.53 billion, a P/E ratio of 35.77, a P/E/G ratio of 3.69 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate 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 was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 EPS. Equities research analysts forecast that Texas Instruments will post 5.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TXN shares. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Robert W. Baird reduced their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $209.71.

Insider Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on 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 directly owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

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.