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

Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend on Thursday, April 17th, RTT News reports. Shareholders of record on Wednesday, April 30th will be given a dividend of 1.36 per share by the semiconductor company on Tuesday, May 13th. This represents a $5.44 dividend on an annualized basis and a yield of 3.67%.

Texas Instruments has increased its dividend payment by an average of 7.0% per year 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 79.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Texas Instruments to earn $6.44 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 84.5%.

Texas Instruments Price Performance

Shares of TXN stock traded up $1.79 during trading hours on Thursday, reaching $148.34. The stock had a trading volume of 5,690,592 shares, compared to its average volume of 6,132,138. The stock’s fifty day simple moving average is $178.34 and its 200 day simple moving average is $190.25. The firm has a market capitalization of $134.97 billion, a PE ratio of 28.58, a PEG ratio of 3.30 and a beta of 0.99. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments has a 12 month low of $139.95 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the previous year, the business earned $1.49 EPS. On average, equities research analysts predict that Texas Instruments will post 5.35 EPS for the current year.

Insider Transactions at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares of the company’s stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the sale, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,655 shares of company stock valued at $59,841,304. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

A hedge fund recently raised its stake in Texas Instruments stock. Brighton Jones LLC boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 33.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,840 shares of the semiconductor company’s stock after buying an additional 4,218 shares during the quarter. Brighton Jones LLC’s holdings in Texas Instruments were worth $3,158,000 at the end of the most recent quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on TXN shares. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Stifel Nicolaus decreased their price objective on Texas Instruments from $200.00 to $160.00 and set a “hold” rating on the stock in a report on Thursday. Baird R W upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Finally, UBS Group decreased their price target on Texas Instruments from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $206.86.

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.