Texas Instruments (TXN) Declares Quarterly Dividend of $0.62

Texas Instruments (NASDAQ:TXN) announced a quarterly dividend on Thursday, April 26th, RTT News reports. Investors of record on Monday, May 7th will be given a dividend of 0.62 per share by the semiconductor company on Monday, May 21st. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.41%.

Shares of NASDAQ:TXN traded down $0.28 during mid-day trading on Thursday, reaching $102.72. The stock had a trading volume of 6,499,368 shares, compared to its average volume of 6,301,250. Texas Instruments has a 1 year low of $75.92 and a 1 year high of $120.75. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $96,824.37, a P/E ratio of 24.00, a P/E/G ratio of 2.05 and a beta of 1.24.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 24th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.10. Texas Instruments had a return on equity of 43.69% and a net margin of 26.39%. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. research analysts forecast that Texas Instruments will post 4.99 earnings per share for the current year.

In related news, Chairman Richard K. Templeton sold 43,935 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $109.44, for a total value of $4,808,246.40. Following the transaction, the chairman now owns 798,812 shares of the company’s stock, valued at $87,421,985.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen A. Anderson sold 141,638 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $111.12, for a total value of $15,738,814.56. Following the completion of the transaction, the insider now directly owns 178,200 shares in the company, valued at approximately $19,801,584. The disclosure for this sale can be found here. In the last three months, insiders sold 726,801 shares of company stock worth $79,899,690. 0.84% of the stock is owned by insiders.

A number of equities research analysts have issued reports on the company. Drexel Hamilton restated a “buy” rating and set a $130.00 price objective (up from $110.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. Citigroup restated a “buy” rating and set a $135.00 price objective (up from $110.00) on shares of Texas Instruments in a research report on Wednesday, January 24th. Mizuho restated a “buy” rating and set a $107.00 price objective (up from $96.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. Morgan Stanley upped their price objective on Texas Instruments from $92.00 to $101.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, SunTrust Banks increased their price target on Texas Instruments from $96.00 to $117.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Texas Instruments currently has a consensus rating of “Buy” and an average target price of $110.38.

Texas Instruments Company Profile

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 in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

Dividend History for Texas Instruments (NASDAQ:TXN)

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