ValuEngine upgraded shares of Texas Instruments (NASDAQ:TXN) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.
TXN has been the subject of several other research reports. Bank of America downgraded Texas Instruments from a buy rating to a neutral rating and set a $89.50 price target for the company. in a research note on Friday, January 4th. JPMorgan Chase & Co. decreased their price target on Texas Instruments from $134.00 to $120.00 and set an overweight rating for the company in a research note on Wednesday, October 24th. Robert W. Baird decreased their price target on Texas Instruments from $115.00 to $97.00 and set a neutral rating for the company in a research note on Thursday, January 24th. B. Riley decreased their price target on Texas Instruments from $123.00 to $110.00 and set a neutral rating for the company in a research note on Monday, October 22nd. Finally, BidaskClub upgraded Texas Instruments from a sell rating to a hold rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $108.74.
Get Texas Instruments alerts:Shares of NASDAQ TXN opened at $107.57 on Wednesday. The stock has a market capitalization of $103.33 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 2.03 and a beta of 1.17. Texas Instruments has a one year low of $87.70 and a one year high of $118.48. The company has a current ratio of 3.27, a quick ratio of 2.38 and a debt-to-equity ratio of 0.48.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.75 billion. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 EPS. On average, equities research analysts anticipate that Texas Instruments will post 5.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 11th. Investors of record on Thursday, January 31st were paid a dividend of $0.77 per share. The ex-dividend date was Wednesday, January 30th. This represents a $3.08 annualized dividend and a yield of 2.86%. Texas Instruments’s payout ratio is 56.83%.
In other Texas Instruments news, insider Hagop H. Kozanian sold 9,061 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $102.60, for a total value of $929,658.60. Following the completion of the transaction, the insider now owns 40,164 shares of the company’s stock, valued at approximately $4,120,826.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 90,842 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $101.14, for a total value of $9,187,759.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 186,737 shares of company stock valued at $19,101,214. 0.84% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of TXN. Vanguard Group Inc. raised its holdings in shares of Texas Instruments by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 85,524,906 shares of the semiconductor company’s stock worth $9,175,968,000 after buying an additional 807,808 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Texas Instruments by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 85,524,906 shares of the semiconductor company’s stock worth $9,175,968,000 after buying an additional 807,808 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Texas Instruments by 6,709.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,191,906 shares of the semiconductor company’s stock worth $256,000 after buying an additional 23,836,621 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Texas Instruments by 3.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 23,763,599 shares of the semiconductor company’s stock worth $2,549,597,000 after buying an additional 811,931 shares in the last quarter. Finally, Capital International Investors raised its holdings in shares of Texas Instruments by 46.4% in the 3rd quarter. Capital International Investors now owns 16,525,393 shares of the semiconductor company’s stock worth $1,773,009,000 after buying an additional 5,240,065 shares in the last quarter. 86.92% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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