Texas Instruments Incorporated (NASDAQ:TXN – Get Free Report) announced a quarterly dividend on Thursday, September 17th. Investors of record on Friday, October 30th will be given a dividend of 1.52 per share by the semiconductor company on Tuesday, November 10th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, October 30th. This is a 7.0% increase from Texas Instruments’s previous quarterly dividend of $1.42.
Texas Instruments has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 21 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 fall. Research analysts expect Texas Instruments to earn $9.87 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 57.5%.
Texas Instruments Stock Down 1.0%
Shares of NASDAQ TXN opened at $258.14 on Friday. The company’s 50-day simple moving average is $273.73 and its 200-day simple moving average is $264.24. Texas Instruments has a 52-week low of $152.73 and a 52-week high of $334.03. The firm has a market cap of $235.75 billion, a price-to-earnings ratio of 39.29, a price-to-earnings-growth ratio of 1.46 and a beta of 1.33. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72.
Insider Buying and Selling
In related news, VP Tsedeniya Abraham sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the completion of the transaction, the vice president directly owned 23,181 shares in the company, valued at approximately $6,134,388.03. This represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.
Hedge Funds Weigh In On Texas Instruments
A number of hedge funds have recently modified their holdings of the business. HBW Advisory Services LLC grew its position in Texas Instruments by 2.2% in the 1st quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company’s stock valued at $336,000 after buying an additional 37 shares during the last quarter. Montz Harcus Wealth Management LLC increased its stake in Texas Instruments by 2.9% in the 1st quarter. Montz Harcus Wealth Management LLC now owns 1,338 shares of the semiconductor company’s stock valued at $260,000 after buying an additional 38 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in Texas Instruments by 0.6% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,960 shares of the semiconductor company’s stock worth $1,157,000 after buying an additional 38 shares during the last quarter. Absher Wealth Management LLC lifted its stake in shares of Texas Instruments by 1.0% in the 1st quarter. Absher Wealth Management LLC now owns 4,223 shares of the semiconductor company’s stock worth $820,000 after acquiring an additional 42 shares during the period. Finally, Severin Investments LLC boosted its holdings in shares of Texas Instruments by 3.3% in the first quarter. Severin Investments LLC now owns 1,349 shares of the semiconductor company’s stock valued at $262,000 after acquiring an additional 43 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
About Texas Instruments
Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures semiconductors used in industrial, automotive, personal electronics, communications equipment and enterprise systems. The company’s portfolio is led by analog chips, which manage power, sensing and signal processing, and embedded processing products, including microcontrollers and processors that control electronic systems.
Texas Instruments also develops products such as data converters, amplifiers, interface and connectivity devices, motor drivers, power-management semiconductors and calculators.
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