Texas Instruments Incorporated (NASDAQ:TXN) had its target price lowered by Barclays PLC from $78.00 to $83.00 in a report issued on Wednesday.
Several other research firms have also commented on TXN. B. Riley reiterated a neutral rating and issued a $89.00 price objective (up from $83.00) on shares of Texas Instruments in a research report on Wednesday. Loop Capital reiterated a hold rating and issued a $84.00 price objective (up from $79.00) on shares of Texas Instruments in a research report on Wednesday. SunTrust Banks, Inc. reiterated a hold rating and issued a $86.00 price objective (up from $84.00) on shares of Texas Instruments in a research report on Wednesday. UBS AG reiterated a buy rating and issued a $93.00 price objective (up from $91.00) on shares of Texas Instruments in a research report on Wednesday. Finally, Royal Bank Of Canada boosted their price objective on shares of Texas Instruments from $95.00 to $96.00 and gave the stock an outperform rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $84.49.
Shares of Texas Instruments (NASDAQ TXN) traded up 0.82% during mid-day trading on Wednesday, reaching $82.06. 4,305,835 shares of the company were exchanged. Texas Instruments has a 12 month low of $66.30 and a 12 month high of $84.65. The stock has a market capitalization of $81.76 billion, a P/E ratio of 21.84 and a beta of 1.20. The stock has a 50 day moving average price of $80.04 and a 200-day moving average price of $79.07. Texas Instruments also saw unusually large options trading activity on Monday. Stock investors bought 12,083 call options on the stock. This represents an increase of 525% compared to the typical daily volume of 1,934 call options.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.96 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a net margin of 27.54% and a return on equity of 34.50%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Analysts predict that Texas Instruments will post $3.93 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.46%. Texas Instruments’s payout ratio is currently 54.20%.
In related news, insider Kevin P. March sold 150,000 shares of the company’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $80.74, for a total value of $12,111,000.00. Following the completion of the sale, the insider now owns 448,663 shares in the company, valued at $36,225,050.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Niels Anderskouv sold 32,420 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $80.61, for a total value of $2,613,376.20. Following the completion of the sale, the insider now owns 102,028 shares of the company’s stock, valued at approximately $8,224,477.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 323,780 shares of company stock valued at $26,093,457. 0.96% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. American Beacon Advisors Inc. bought a new stake in Texas Instruments during the first quarter worth approximately $101,000. ClariVest Asset Management LLC increased its stake in Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after buying an additional 100 shares in the last quarter. Balentine LLC increased its stake in Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after buying an additional 80 shares in the last quarter. TCI Wealth Advisors Inc. increased its stake in Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock worth $108,000 after buying an additional 333 shares in the last quarter. Finally, American National Bank increased its stake in Texas Instruments by 2,470.9% in the second quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock worth $109,000 after buying an additional 1,359 shares in the last quarter. Institutional investors and hedge funds own 84.64% of the company’s stock.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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