Texas Instruments Incorporated (TXN) to Issue Quarterly Dividend of $1.36 on November 12th

Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend on Thursday, October 17th, 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 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30.

Texas Instruments has increased its dividend by an average of 10.5% annually over the last three years and has raised its dividend annually for the last 21 consecutive years. Texas Instruments has a payout ratio of 93.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Texas Instruments to earn $5.81 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 93.6%.

Texas Instruments Stock Performance

TXN opened at $205.83 on Tuesday. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $214.66. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a market cap of $187.40 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 4.52 and a beta of 0.98. The firm’s 50-day moving average price is $203.75 and its 200-day moving average price is $195.91.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the company posted $1.80 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that Texas Instruments will post 5.08 EPS for the current fiscal year.

Analyst Ratings Changes

TXN has been the topic of several research reports. Truist Financial cut their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Barclays cut their price target on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Susquehanna cut their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. The Goldman Sachs Group increased their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Finally, Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $206.95.

Insider Activity at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mohammad Yunus sold 3,778 shares of Texas Instruments 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 sale, the vice president now directly owns 28,894 shares in the company, valued at approximately $6,035,956.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is 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.