Texas Instruments said on July 20, 2023 that its board of directors declared a regular quarterly dividend of $1.24 per share ($4.96 annualized). Previously, the company paid $1.24 per share.
Shares must be purchased before the ex-div date of July 28, 2023 to qualify for the dividend. Shareholders of record as of July 31, 2023 will receive the payment on August 15, 2023.
At the current share price of $183.89 / share, the stock's dividend yield is 2.70%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.72%, 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 0.06 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.55. 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 3508 funds or institutions reporting positions in Texas Instruments. This is an increase of 13 owner(s) or 0.37% in the last quarter. Average portfolio weight of all funds dedicated to TXN is 0.65%, an increase of 7.85%. Total shares owned by institutions decreased in the last three months by 0.21% to 889,965K shares. 
The put/call ratio of TXN is 0.81, indicating a bullish outlook.
Analyst Price Forecast Suggests 0.30% Upside
As of July 6, 2023, the average one-year price target for Texas Instruments is 184.44. The forecasts range from a low of 128.27 to a high of $241.50. The average price target represents an increase of 0.30% from its latest reported closing price of 183.89.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Texas Instruments is 18,617MM, a decrease of 4.54%. The projected annual non-GAAP EPS is 8.11.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 28,632K shares representing 3.15% ownership of the company. In it's prior filing, the firm reported owning 27,111K shares, representing an increase of 5.31%. The firm decreased its portfolio allocation in TXN by 83.41% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 28,049K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 27,582K shares, representing an increase of 1.66%. The firm increased its portfolio allocation in TXN by 5.71% over the last quarter.
Bank Of America holds 26,725K shares representing 2.94% ownership of the company. In it's prior filing, the firm reported owning 24,315K shares, representing an increase of 9.02%. The firm decreased its portfolio allocation in TXN by 71.54% over the last quarter.
Jpmorgan Chase holds 21,357K shares representing 2.35% ownership of the company. In it's prior filing, the firm reported owning 21,470K shares, representing a decrease of 0.53%. The firm increased its portfolio allocation in TXN by 3.49% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 21,146K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 20,981K shares, representing an increase of 0.78%. The firm increased its portfolio allocation in TXN by 5.23% 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.
Additional reading:
- TEXAS INSTRUMENTS INCORPORATED OFFICERS’ CERTIFICATE May 18, 2023
- TI reports first quarter 2023 financial results and shareholder returns Conference call on TI website at 3:30 p.m. Central time today
- Officers’ Certificate, dated March 14, 2023 (incorporated by reference to Exhibit 4.1 of the Registrant’s Current Report on Form 8-K filed March 14, 2023).
- Comerica CEO Curtis Farmer joins TI board of directors
- List of Subsidiaries of the Registrant
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.
