Fintel reports that on September 18, 2023, Susquehanna reiterated coverage of Texas Instruments (NASDAQ:TXN) with a Positive recommendation.
Analyst Price Forecast Suggests 15.37% Upside
As of August 30, 2023, the average one-year price target for Texas Instruments is 187.62. The forecasts range from a low of 128.27 to a high of $241.50. The average price target represents an increase of 15.37% from its latest reported closing price of 162.62.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Texas Instruments is 18,617MM, a decrease of 1.08%. The projected annual non-GAAP EPS is 8.11.
Texas Instruments Declares $1.24 Dividend
On July 20, 2023 the company declared a regular quarterly dividend of $1.24 per share ($4.96 annualized). Shareholders of record as of July 31, 2023 received the payment on August 15, 2023. Previously, the company paid $1.24 per share.
At the current share price of $162.62 / share, the stock's dividend yield is 3.05%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.73%, the lowest has been 2.07%, and the highest has been 3.85%. The standard deviation of yields is 0.33 (n=235).
The current dividend yield is 0.97 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.59. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.38%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 3451 funds or institutions reporting positions in Texas Instruments. This is a decrease of 79 owner(s) or 2.24% in the last quarter. Average portfolio weight of all funds dedicated to TXN is 0.61%, a decrease of 7.13%. Total shares owned by institutions decreased in the last three months by 1.46% to 877,147K shares. 
The put/call ratio of TXN is 0.71, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 28,289K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 28,049K shares, representing an increase of 0.85%. The firm decreased its portfolio allocation in TXN by 9.94% over the last quarter.
Wellington Management Group Llp holds 26,527K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 28,632K shares, representing a decrease of 7.94%. The firm decreased its portfolio allocation in TXN by 14.44% over the last quarter.
Bank Of America holds 22,331K shares representing 2.46% ownership of the company. In it's prior filing, the firm reported owning 26,725K shares, representing a decrease of 19.68%. The firm increased its portfolio allocation in TXN by 223.57% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 21,611K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 21,146K shares, representing an increase of 2.15%. The firm decreased its portfolio allocation in TXN by 10.42% over the last quarter.
Geode Capital Management holds 20,649K shares representing 2.27% ownership of the company. In it's prior filing, the firm reported owning 19,822K shares, representing an increase of 4.01%. The firm decreased its portfolio allocation in TXN by 8.80% over the last quarter.
Texas Instruments Background Information
(This description is provided by the company.)
Texas Instruments Incorporated is a global semiconductor company that designs, manufactures, tests and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. Its passion to create a better world by making electronics more affordable through semiconductors is alive today, as each generation of innovation builds upon the last to make our technology smaller, more efficient, more reliable and more affordable - making it possible for semiconductors to go into electronics everywhere. It thinks of this as Engineering Progress. It's what it does and has been doing for decades.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
