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

Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend on Thursday, September 19th, Zacks reports. Shareholders 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 annualized dividend and a 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 raised its dividend annually for the last 20 consecutive years. Texas Instruments has a payout ratio of 81.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Stock Performance

TXN opened at $203.30 on Friday. The company’s 50 day moving average is $200.78 and its 200 day moving average is $189.84. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The company has a market cap of $185.62 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 4.31 and a beta of 0.99. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $214.66.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. Texas Instruments’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.87 earnings per share. On average, equities research analysts predict that Texas Instruments will post 5.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TXN. Barclays lifted their target price on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group lifted their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Wednesday, July 24th. Rosenblatt Securities raised their target price on shares of Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, Truist Financial reduced their price target on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a report on Wednesday, August 21st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $204.67.

Insiders Place Their Bets

In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock worth $3,255,323 in the last three months. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Company Profile

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.