Texas Instruments (NASDAQ:TXN – Get Rating) had its price objective boosted by Robert W. Baird from $160.00 to $180.00 in a research note published on Wednesday morning, The Fly reports. They currently have a neutral rating on the semiconductor company's stock.
TXN has been the subject of a number of other research reports. StockNews.com downgraded Texas Instruments from a buy rating to a hold rating in a research report on Wednesday, November 2nd. Benchmark decreased their price objective on shares of Texas Instruments from $205.00 to $189.00 and set a buy rating for the company in a research note on Wednesday, October 26th. Cowen cut their target price on shares of Texas Instruments from $170.00 to $160.00 in a research note on Wednesday, October 26th. Cowen decreased their price target on shares of Texas Instruments from $170.00 to $160.00 in a research report on Wednesday, October 26th. Finally, Sanford C. Bernstein cut their price objective on Texas Instruments to $145.00 in a research report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments presently has an average rating of Hold and an average price target of $179.35.
Get
Texas Instruments alerts:
Texas Instruments Price Performance
TXN stock opened at $175.24 on Wednesday. The stock has a market capitalization of $159.04 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02. The stock's fifty day simple moving average is $172.93 and its 200-day simple moving average is $168.85. Texas Instruments has a 52-week low of $144.46 and a 52-week high of $191.34. The company has a quick ratio of 4.06, a current ratio of 4.70 and a debt-to-equity ratio of 0.56.
Texas Instruments (NASDAQ:TXN – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The semiconductor company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.96 by $0.17. Texas Instruments had a return on equity of 61.06% and a net
margin of 43.68%. The company had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $4.64 billion. During the same quarter in the previous year, the business earned $2.27 EPS. The firm's revenue was down 3.4% on a year-over-year basis. Equities research analysts expect that Texas Instruments will post 7.54 EPS for the current year.
Texas Instruments Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st will be given a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Monday, January 30th. Texas Instruments's dividend payout ratio is currently 52.77%.
Insider Transactions at Texas Instruments
In other Texas Instruments news, Director Janet F. Clark sold 9,990 shares of the firm's stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total value of $1,749,848.40. Following the transaction, the director now owns 8,942 shares of the company's stock, valued at $1,566,280.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Janet F. Clark sold 9,990 shares of the company's stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the completion of the transaction, the director now directly owns 8,942 shares in the company, valued at approximately $1,566,280.72. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Ahmad Bahai sold 1,109 shares of the firm's stock in a transaction on Friday, November 11th. The shares were sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the sale, the vice president now owns 27,306 shares in the company, valued at $4,915,353.06. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.
Institutional Investors Weigh In On Texas Instruments
Several large investors have recently made changes to their positions in TXN. Enterprise Trust & Investment Co bought a new position in Texas Instruments in the 2nd quarter worth approximately $25,000. Endurance Wealth Management Inc. acquired a new position in shares of Texas Instruments during the third quarter valued at $26,000. SJS Investment Consulting Inc. bought a new stake in shares of Texas Instruments during the third quarter valued at about $27,000. Core Wealth Advisors Inc. lifted its holdings in Texas Instruments by 993.8% in the third quarter. Core Wealth Advisors Inc. now owns 175 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 159 shares during the period. Finally, My Personal CFO LLC acquired a new position in Texas Instruments during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 83.12% of the company's stock.
Texas Instruments Company Profile
(Get Rating)
Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.
Featured Articles
- Get a free copy of the StockNews.com research report on Texas Instruments (TXN)
- MarketBeat Week in Review – 1/23- 1/27
- Why Lucid Spiked Nearly 100% In One Day
- Ride These Railroad Stocks for Growth and Income
- ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
- KLA Corporation: Strength In A Troubled Semi-Market
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.
