Texas Instruments Incorporated (TXN) To Go Ex-Dividend on May 7th

Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend on Thursday, April 25th, RTT News reports. Investors of record on Wednesday, May 8th will be paid a dividend of 1.30 per share by the semiconductor company on Tuesday, May 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, May 7th.

Texas Instruments has raised its dividend by an average of 10.5% per year over the last three years and has increased its dividend every year for the last 20 years. Texas Instruments has a dividend 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 tumble. Equities analysts expect Texas Instruments to earn $6.31 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 82.4%.

Texas Instruments Price Performance

Texas Instruments stock opened at $177.48 on Friday. The company has a market cap of $161.59 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 3.75 and a beta of 1.04. The firm’s fifty day moving average is $169.29 and its 200 day moving average is $162.22. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $188.12.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.85 earnings per share. Sell-side analysts forecast that Texas Instruments will post 5.2 EPS for the current fiscal year.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TXN. Robert W. Baird upped their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday. Benchmark reissued a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday. KeyCorp increased their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $180.00 target price on shares of Texas Instruments in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $180.74.

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.