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Texas Instruments Hikes Dividend, to Buy Back $6.0B Shares
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Texas Instruments (TXN - Free Report) or TI recently announced a hike in dividend along with a share repurchase program.
This time, the company plans to raise the quarterly dividend by 12 cents to 62 cents per share. This translates into a 24% increase from the prior dividend of 50 cents. The new dividend will be paid on Nov 13, 2017, to stockholders of record as of Oct 31, contingent upon a formal declaration by the board of directors at its regular meeting in October.
Moreover, Texas Instruments approved a share repurchase program worth $6.0 billion, in addition to approximately $4.8 billion already available.
TI’s Cash position
TI’s strong balance sheet and cash flows provide financial flexibility for further dividend, share repurchases and strategic acquisitions.
Cash and cash equivalents were $3.0 billion at the end of second-quarter 2017. TI exited the quarter with $3.1 billion in long-term debt and $499 million in short-term debt.
Also, the company generated $917 million in cash from operations, spending $151 million on capex, $650 million on share repurchases and $498 million on cash dividends.
Texas Instruments is one of the few chip making companies that returns a significant amount of cash to its investors. Over the trailing 12 months, the company returned $4.1 billion of cash through a combination of dividends and stock repurchases.
Bottom Line
Texas Instruments is one of the largest suppliers of analog and digital signal processing integrated circuits. The company’s compelling product line-up, increasing differentiation in its business and low-cost 300-mm capacity should drive earnings over the long term.
Also, the company’s margins should continue to expand because of the secular strength in the auto and industrial markets, a stronger mix of analog and embedded processing products, benefits of restructuring actions and more 300mm capacity coming online. Moreover, the semiconductor giant is poised to gain from the growing market for Internet of Things.
We believe the increase in dividend and share buyback indicates that the company is confident about its steady cash flows. However, increasing competition from Analog Devices (ADI - Free Report) , NVIDIA Corporation (NVDA - Free Report) and Applied Materials Inc. (AMAT - Free Report) remains a concern.
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Texas Instruments (TXN - Free Report) or TI recently announced a hike in dividend along with a share repurchase program.
This time, the company plans to raise the quarterly dividend by 12 cents to 62 cents per share. This translates into a 24% increase from the prior dividend of 50 cents. The new dividend will be paid on Nov 13, 2017, to stockholders of record as of Oct 31, contingent upon a formal declaration by the board of directors at its regular meeting in October.
Moreover, Texas Instrumentsapproved a share repurchase program worth $6.0 billion, in addition to approximately $4.8 billion already available.
TI's Cash position
TI’s strong balance sheet and cash flows provide financial flexibility for further dividend, share repurchases and strategic acquisitions.
Cash and cash equivalents were $3.0 billion at the end of second-quarter 2017. TI exited the quarter with $3.1 billion in long-term debt and $499 million in short-term debt.
Also, the company generated $917 million in cash from operations, spending $151 million on capex, $650 million on share repurchases and $498 million on cash dividends.
Texas Instruments is one of the few chip making companies that returns a significant amount of cash to its investors. Over the trailing 12 months, the company returned $4.1 billion of cash through a combination of dividends and stock repurchases.
Bottom Line
Texas Instruments is one of the largest suppliers of analog and digital signal processing integrated circuits.The company’s compelling product line-up, increasing differentiation in its business and low-cost 300-mm capacity should drive earnings over the long term.
Also, the company’s margins should continue to expand because of the secular strength in the auto and industrial markets, a stronger mix of analog and embedded processing products, benefits of restructuring actions and more 300mm capacity coming online. Moreover, the semiconductor giant is poised to gain from the growing market for Internet of Things.
We believe the increase in dividend and share buyback indicates that the company is confident about its steady cash flows. However, increasing competition from Analog Devices (ADI - Free Report) , NVIDIA Corporation (NVDA - Free Report) and Applied Materials Inc. (AMAT - Free Report) remains a concern.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Texas Instruments Hikes Dividend, to Buy Back $6.0B Shares
Texas Instruments (TXN - Free Report) or TI recently announced a hike in dividend along with a share repurchase program.
This time, the company plans to raise the quarterly dividend by 12 cents to 62 cents per share. This translates into a 24% increase from the prior dividend of 50 cents. The new dividend will be paid on Nov 13, 2017, to stockholders of record as of Oct 31, contingent upon a formal declaration by the board of directors at its regular meeting in October.
Moreover, Texas Instrumentsapproved a share repurchase program worth $6.0 billion, in addition to approximately $4.8 billion already available.
TI's Cash position
TI’s strong balance sheet and cash flows provide financial flexibility for further dividend, share repurchases and strategic acquisitions.
Cash and cash equivalents were $3.0 billion at the end of second-quarter 2017. TI exited the quarter with $3.1 billion in long-term debt and $499 million in short-term debt.
Also, the company generated $917 million in cash from operations, spending $151 million on capex, $650 million on share repurchases and $498 million on cash dividends.
Texas Instruments is one of the few chip making companies that returns a significant amount of cash to its investors. Over the trailing 12 months, the company returned $4.1 billion of cash through a combination of dividends and stock repurchases.
Bottom Line
Texas Instruments is one of the largest suppliers of analog and digital signal processing integrated circuits.The company’s compelling product line-up, increasing differentiation in its business and low-cost 300-mm capacity should drive earnings over the long term.
Also, the company’s margins should continue to expand because of the secular strength in the auto and industrial markets, a stronger mix of analog and embedded processing products, benefits of restructuring actions and more 300mm capacity coming online. Moreover, the semiconductor giant is poised to gain from the growing market for Internet of Things.
We believe the increase in dividend and share buyback indicates that the company is confident about its steady cash flows. However, increasing competition from Analog Devices (ADI - Free Report) , NVIDIA Corporation (NVDA - Free Report) and Applied Materials Inc. (AMAT - Free Report) remains a concern.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>