Texas Instruments Incorporated (NASDAQ:TXN – Get Free Report) declared a quarterly dividend on Thursday, July 16th. Investors 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) annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, July 31st.
Texas Instruments has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 21 consecutive years. Texas Instruments has a dividend payout ratio of 85.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Texas Instruments to earn $8.88 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 64.0%.
Texas Instruments Stock Performance
Shares of NASDAQ:TXN opened at $291.22 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. Texas Instruments has a 12 month low of $152.73 and a 12 month high of $334.03. The company has a market capitalization of $265.04 billion, a price-to-earnings ratio of 49.87, a PEG ratio of 1.51 and a beta of 1.32. The firm’s 50-day moving average is $302.66 and its 200 day moving average is $243.18.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on TXN shares. UBS Group raised their price target on Texas Instruments from $295.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Robert W. Baird upped their price objective on Texas Instruments from $225.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. TD Cowen increased their target price on Texas Instruments from $300.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday. Susquehanna restated a “positive” rating and issued a $300.00 price target on shares of Texas Instruments in a report on Thursday, April 23rd. Finally, HC Wainwright cut shares of Texas Instruments to a “neutral” rating in a report on Friday, May 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $281.84.
Get Our Latest Research Report on Texas Instruments
Texas Instruments Company Profile
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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