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

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

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 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 Down 5.1 %

TXN stock traded down $10.14 during trading on Thursday, reaching $187.37. 7,457,979 shares of the stock were exchanged, compared to its average volume of 5,303,021. The firm’s 50 day moving average is $195.95 and its 200 day moving average is $199.74. The firm has a market cap of $170.92 billion, a P/E ratio of 34.83, a price-to-earnings-growth 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. Texas Instruments has a twelve month low of $155.46 and a twelve month high of $220.38.

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

Analyst Ratings Changes

A number of analysts have commented on TXN shares. Mizuho set a $200.00 price objective on Texas Instruments in a report on Friday, October 18th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Barclays lowered their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Bank of America lowered their target price on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $209.71.

Insider Activity

In other news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

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.