Texas Instruments Incorporated (NASDAQ:TXN) had its target price decreased by Barclays PLC from $78.00 to $83.00 in a research report report published on Wednesday, July 26th.
TXN has been the topic of several other reports. B. Riley reaffirmed a neutral rating and issued a $89.00 price objective (up from $83.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Loop Capital reaffirmed a hold rating and issued a $84.00 price objective (up from $79.00) on shares of Texas Instruments in a report on Wednesday, July 26th. SunTrust Banks, Inc. reaffirmed a hold rating and issued a $86.00 price objective (up from $84.00) on shares of Texas Instruments in a report on Wednesday, July 26th. UBS AG reissued a buy rating and set a $93.00 price target (up from $91.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada increased their price target on shares of Texas Instruments from $95.00 to $96.00 and gave the stock an outperform rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Texas Instruments currently has an average rating of Buy and an average target price of $85.96.
Shares of Texas Instruments (NASDAQ:TXN) opened at 81.43 on Wednesday. Texas Instruments has a one year low of $66.30 and a one year high of $84.65. The firm has a market cap of $80.76 billion, a P/E ratio of 20.24 and a beta of 1.21. The firm has a 50 day moving average price of $79.91 and a 200-day moving average price of $79.37.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.07. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the business posted $0.76 EPS. Texas Instruments’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts forecast that Texas Instruments will post $4.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend 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 50.51%.
In other Texas Instruments news, insider Niels Anderskouv sold 134,360 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $80.42, for a total value of $10,805,231.20. Following the transaction, the insider now directly owns 132,079 shares of the company’s stock, valued at approximately $10,621,793.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brian T. Crutcher sold 50,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the sale, the chief operating officer now owns 201,440 shares in the company, valued at $16,334,769.60. The disclosure for this sale can be found here. Insiders sold a total of 257,685 shares of company stock worth $20,816,827 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.
Several large investors have recently modified their holdings of TXN. Ibex Wealth Advisors raised its stake in shares of Texas Instruments by 9.1% in the fourth quarter. Ibex Wealth Advisors now owns 25,886 shares of the semiconductor company’s stock valued at $1,935,000 after buying an additional 2,154 shares during the last quarter. Wealthfront Inc. raised its stake in Texas Instruments by 6.3% in the fourth quarter. Wealthfront Inc. now owns 40,448 shares of the semiconductor company’s stock valued at $2,951,000 after buying an additional 2,401 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in Texas Instruments during the fourth quarter valued at approximately $111,000. Garde Capital Inc. raised its stake in Texas Instruments by 2.6% in the fourth quarter. Garde Capital Inc. now owns 4,753 shares of the semiconductor company’s stock valued at $347,000 after buying an additional 121 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Texas Instruments by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 1,692,407 shares of the semiconductor company’s stock valued at $123,495,000 after buying an additional 48,137 shares in the last quarter. Institutional investors own 84.56% of the company’s stock.
About Texas Instruments
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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