NEW YORK (

TheStreet

) -- The ex-dividend date for

Texas Instruments

(Nasdaq:

TXN

) is tomorrow, January 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $32.88 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for Texas Instruments has been 10.4 million shares per day over the past 30 days. Texas Instruments has a market cap of $37.16 billion and is part of the

technology

sector and

electronics

industry. Shares are up 12.7% year to date as of the close of trading on Wednesday.

Texas Instruments Incorporated engages in the design and sale of semiconductors to electronics designers and manufacturers worldwide. The company has a P/E ratio of 17.5, above the average electronics industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Texas Instruments as a

buy

. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Texas Instruments Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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