Texas Instruments Incorporated (NASDAQ:TXN – Get Free Report) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Friday, July 31st will be paid a dividend of 1.42 per share by the semiconductor company on Tuesday, August 11th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, July 31st.
Texas Instruments has raised its dividend by an average of 0.1%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 85.2% indicating that 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 $8.91 per share next year, which means the company should continue to be able to cover its $5.68 annual dividend with an expected future payout ratio of 63.7%.
Texas Instruments Stock Performance
Shares of TXN opened at $284.02 on Friday. The company has a current ratio of 4.46, a quick ratio of 2.94 and a debt-to-equity ratio of 0.77. The firm’s fifty day simple moving average is $302.59 and its two-hundred day simple moving average is $243.46. Texas Instruments has a 12 month low of $152.73 and a 12 month high of $334.03. The stock has a market capitalization of $258.48 billion, a P/E ratio of 48.63, a price-to-earnings-growth ratio of 1.45 and a beta of 1.32.
Analysts Set New Price Targets
Several brokerages have recently commented on TXN. The Goldman Sachs Group raised their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, April 23rd. Stifel Nicolaus boosted their target price on shares of Texas Instruments from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Bank of America increased their target price on shares of Texas Instruments from $320.00 to $370.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Rosenblatt Securities lifted their price target on shares of Texas Instruments from $240.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average price target of $281.84.
Check Out Our Latest Analysis on Texas Instruments
About Texas Instruments
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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