Texas Instruments Incorporated (NASDAQ:TXN) to Issue Quarterly Dividend of $0.50
Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend on Wednesday, July 19th, RTT News reports. Investors of record on Monday, July 31st will be given a dividend of 0.50 per share by the semiconductor company on Monday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.43%.
Shares of Texas Instruments (NASDAQ:TXN) remained flat at $82.16 on Wednesday. The stock had a trading volume of 3,133,520 shares. The company has a 50-day moving average of $80.05 and a 200-day moving average of $78.86. The company has a market cap of $81.86 billion, a PE ratio of 21.86 and a beta of 1.20. Texas Instruments has a 12 month low of $64.74 and a 12 month high of $84.65.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 25th. The semiconductor company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.06. Texas Instruments had a net margin of 27.54% and a return on equity of 34.50%. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter last year, the business earned $0.65 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments will post $3.93 EPS for the current year.
In other news, insider Niels Anderskouv sold 32,420 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $80.61, for a total transaction of $2,613,376.20. Following the sale, the insider now owns 102,028 shares in the company, valued at approximately $8,224,477.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pamela H. Patsley sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $80.55, for a total value of $563,850.00. Following the sale, the director now owns 35,296 shares in the company, valued at approximately $2,843,092.80. The disclosure for this sale can be found here. Insiders sold a total of 323,780 shares of company stock worth $26,093,457 in the last 90 days. Company insiders own 0.96% of the company’s stock.
A number of equities analysts have issued reports on the stock. BMO Capital Markets restated a “buy” rating and set a $92.00 target price on shares of Texas Instruments in a research report on Monday, April 17th. B. Riley restated a “neutral” rating and set a $83.00 target price on shares of Texas Instruments in a research report on Wednesday, April 26th. Jefferies Group LLC lifted their target price on shares of Texas Instruments from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Cowen and Company reiterated a “hold” rating and set a $82.00 price target on shares of Texas Instruments in a report on Friday, July 14th. Finally, Vetr downgraded shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price target for the company. in a report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $82.42.
About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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