Texas Instruments Incorporated (NASDAQ:TXN) Plans Dividend Increase - $1.36 Per Share

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) announced a quarterly dividend on Thursday, September 19th, Zacks reports. Stockholders 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 dividend yield of 2.68%. The ex-dividend date is Thursday, October 31st. This is a boost from Texas Instruments's previous quarterly dividend of $1.30.

Texas Instruments has raised its dividend payment by an average of 10.5% annually over the last three years and has increased its dividend annually for the last 20 consecutive years. Texas Instruments has a dividend payout ratio of 81.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Analysts expect Texas Instruments to earn $6.14 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 84.7%.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded down $4.30 during trading on Friday, reaching $203.30. The company's stock had a trading volume of 14,502,852 shares, compared to its average volume of 5,567,017. The business's 50-day moving average price is $200.78 and its 200-day moving average price is $189.98. The firm has a market cap of $185.62 billion, a PE ratio of 31.72, a P/E/G ratio of 4.31 and a beta of 0.99. 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 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. Texas Instruments's revenue for the quarter was down 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.87 earnings per share. Equities analysts forecast that Texas Instruments will post 5.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TXN. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the company a "hold" rating in a research note on Wednesday, July 24th. KeyCorp boosted their price target on Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on Texas Instruments from $195.00 to $230.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Rosenblatt Securities boosted their target price on Texas Instruments from $210.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. Finally, Robert W. Baird raised their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the company a "neutral" rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $204.67.

Insider Buying and Selling at Texas Instruments

In other news, CEO Haviv Ilan sold 1,200 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares in the company, valued at approximately $33,233,101.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Shanon J. Leonard sold 2,816 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares of the company's stock, valued at $5,037,237.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently 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.