Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend on Thursday, July 18th, RTT News reports. Stockholders of record on Wednesday, July 31st will be paid a dividend of 0.77 per share by the semiconductor company on Monday, August 12th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.63%.

Texas Instruments has increased its dividend by an average of 23.4% annually over the last three years and has increased its dividend every year for the last 15 years. Texas Instruments has a payout ratio of 56.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Texas Instruments to earn $5.68 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 54.2%.

Shares of NASDAQ TXN opened at $117.26 on Friday. The company has a market capitalization of $111.24 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 2.29 and a beta of 1.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68. Texas Instruments has a 1-year low of $87.70 and a 1-year high of $120.00. The business’s 50 day moving average price is $112.99.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.09. The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.48 billion. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.35 earnings per share. On average, research analysts predict that Texas Instruments will post 5.11 earnings per share for the current fiscal year.

In other Texas Instruments news, Chairman Richard K. Templeton sold 475,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $117.38, for a total value of $55,755,500.00. Following the sale, the chairman now owns 930,287 shares of the company’s stock, valued at approximately $109,197,088.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard K. Templeton sold 160,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $116.77, for a total value of $18,683,200.00. Following the completion of the sale, the chief executive officer now directly owns 930,287 shares in the company, valued at approximately $108,629,612.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 879,332 shares of company stock worth $103,024,864. Company insiders own 0.89% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and set a $120.00 target price on shares of Texas Instruments in a research note on Monday, April 22nd. Nomura started coverage on Texas Instruments in a research report on Tuesday, May 7th. They set a “neutral” rating and a $106.00 price target on the stock. Wells Fargo & Co reissued a “buy” rating and set a $157.00 price target on shares of Chubb in a research report on Tuesday, April 30th. BidaskClub downgraded Inovio Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 1st. Finally, Morgan Stanley increased their price target on Canadian Pacific Railway from C$272.00 to C$277.00 in a research report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $109.46.

About Texas Instruments

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.

Read More: Beige Book

Dividend History for Texas Instruments (NASDAQ:TXN)

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.