Texas Instruments Incorporated (NASDAQ:TXN) will issue a quarterly dividend of $1.15
Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) declared a quarterly dividend on Thursday, April 28, reports RTT News. Shareholders of record on Monday, May 9 will receive a dividend of 1.15 per share from the semiconductor company on Tuesday, May 17. This represents a dividend of $4.60 on an annualized basis and a dividend yield of 2.62%.
Texas Instruments has increased its dividend by an average of 17.0% per year for the past three years and has increased its dividend annually for the past 19 consecutive years. Texas Instruments has a payout ratio of 49.3%, which means its dividend is sufficiently covered by earnings. Equity research analysts expect Texas Instruments to earn $9.37 per share next year, meaning the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 49.1%.
Shares of Texas Instruments opened at $175.85 on Friday. The company has a market capitalization of $162.29 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.09 and a beta of 0.95. The company’s fifty-day simple moving average is $175.20 and its 200-day simple moving average is $182.56. The company has a current ratio of 5.33, a quick ratio of 4.58 and a debt ratio of 0.54. Texas Instruments has a 1-year minimum of $160.50 and a 1-year maximum of $202.26.
Texas Instruments Inc (NASDAQ:TXN – Get Rating) last reported results on Tuesday, April 26. The semiconductor company reported earnings per share (EPS) of $2.35 for the quarter, beating analysts’ consensus estimate of $2.18 by $0.17. The company posted revenue of $4.91 billion for the quarter, versus analyst estimates of $4.73 billion. Texas Instruments had a net margin of 42.35% and a return on equity of 66.40%. Texas Instruments revenue increased 14.4% over the same quarter last year. During the same period last year, the company posted EPS of $1.87. On average, stock research analysts expect Texas Instruments to post 9.09 earnings per share for the current year.
In other Texas Instruments news, Director Mark A. Blinn sold 4,095 shares of the company in a trade on Friday, February 4. The shares were sold at an average price of $170.54, for a total value of $698,361.30. The transaction was disclosed in a filing with the SEC, accessible via this link. Additionally, Vice Chairman Amichai Ron sold 2,037 shares of the company in a trade on Tuesday, February 8. The shares were sold at an average price of $171.96, for a total transaction of $350,282.52. The disclosure of this sale can be found here. In the past three months, insiders have sold 39,601 shares of the company worth $6,987,383. 0.54% of the shares are currently held by insiders.
Hedge funds have recently increased or reduced their holdings in the stock. Monolith Advisors acquired a new position in shares of Texas Instruments in the fourth quarter worth approximately $55,000. Zullo Investment Group Inc. acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $144,000. First Community Trust NA acquired a new position in shares of Texas Instruments in the fourth quarter worth approximately $170,000. OLD Mission Capital LLC acquired a new position in shares of Texas Instruments in the third quarter valued at approximately $207,000. Finally, Bell Rock Capital LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $251,000. Institutional investors and hedge funds own 82.99% of the company’s shares.
A number of stock analysts have recently commented on TXN shares. KeyCorp cut its price target on Texas Instruments stock from $240.00 to $220.00 and set an “overweight” rating for the company in a report released Wednesday. Raymond James downgraded shares of Texas Instruments from an “outperform” rating to a “market performer” rating in a Monday, Feb. 14 report. Mizuho cut its price target on Texas Instruments shares from $190.00 to $175.00 and set a “neutral” rating for the company in a report released Wednesday. UBS Group lowered its price target on Texas Instruments shares from $180.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Edward Jones downgraded Texas Instruments shares from a “buy” rating to a “hold” rating in a Friday, Feb. 11 research note. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating for the stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $193.53.
About Texas Instruments (Get an evaluation)
Texas Instruments Incorporated designs, manufactures and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements at various levels using battery management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, switches power controllers, linear regulators, voltage monitors, voltage references and lighting products.
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