Texas Instruments Incorporated (NASDAQ:TXN – Get Free Report) declared a quarterly dividend on Thursday, September 17th. Stockholders 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) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, October 30th. This is a 7.0% increase from Texas Instruments’s previous quarterly dividend of $1.42.
Texas Instruments has increased its dividend payment by an average of 0.1%per year over the last three years and has increased 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. 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 Performance
Shares of TXN opened at $266.64 on Friday. The firm’s 50 day moving average is $272.83 and its 200-day moving average is $264.26. The stock has a market capitalization of $243.51 billion, a P/E ratio of 40.58, a P/E/G ratio of 1.44 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44. Texas Instruments has a 12-month low of $152.73 and a 12-month high of $334.03.
Insider Buying and Selling
In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $264.63, for a total value of $1,852,410.00. Following the transaction, the vice president owned 23,181 shares in the company, valued at approximately $6,134,388.03. This represents a 23.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.60% of the company’s stock.
Hedge Funds Weigh In On Texas Instruments
Institutional investors and hedge funds have recently modified their holdings of the stock. Kilter Group LLC acquired a new stake in Texas Instruments during the second quarter valued at $31,000. Addison Advisors LLC purchased a new stake in shares of Texas Instruments during the 2nd quarter worth about $38,000. Caitlin John LLC purchased a new stake in shares of Texas Instruments during the 2nd quarter worth about $41,000. Portus Wealth Advisors LLC acquired a new stake in shares of Texas Instruments during the 1st quarter valued at about $27,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Texas Instruments during the 1st quarter valued at about $29,000. 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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