Texas Instruments Incorporated (NASDAQ:TXN) had its price objective upped by Drexel Hamilton from $93.00 to $95.00 in a research report report published on Wednesday, July 26th, Marketbeat reports. They currently have a buy rating on the semiconductor company’s stock.
Other equities analysts also recently issued reports about the stock. B. Riley restated a neutral rating and set a $83.00 target price on shares of Texas Instruments in a report on Wednesday, April 26th. BMO Capital Markets reiterated a buy rating and set a $92.00 price target on shares of Texas Instruments in a report on Monday, April 17th. Jefferies Group LLC lifted their price target on shares of Texas Instruments from $88.00 to $94.00 and gave the stock a buy rating in a report on Friday, April 28th. Cowen and Company reiterated a market perform rating and set a $85.00 price target (up from $82.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Finally, BidaskClub downgraded shares of Texas Instruments from a strong-buy rating to a buy rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Texas Instruments currently has a consensus rating of Buy and an average price target of $85.96.
Shares of Texas Instruments (NASDAQ TXN) traded down 0.09% during mid-day trading on Wednesday, reaching $81.98. 886,535 shares of the company traded hands. The stock’s 50-day moving average is $80.31 and its 200-day moving average is $79.71. The company has a market capitalization of $81.16 billion, a P/E ratio of 20.51 and a beta of 1.21. Texas Instruments has a 52 week low of $66.30 and a 52 week high of $84.65.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the firm posted $0.76 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts predict that Texas Instruments will post $4.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Thursday, July 27th. Texas Instruments’s payout ratio is 50.51%.
In other news, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $82.25, for a total value of $1,151,500.00. Following the transaction, the director now owns 38,435 shares in the company, valued at approximately $3,161,278.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $81.09, for a total value of $4,054,500.00. Following the completion of the transaction, the chief operating officer now owns 201,440 shares in the company, valued at approximately $16,334,769.60. The disclosure for this sale can be found here. Insiders have sold 90,905 shares of company stock valued at $7,398,219 over the last ninety days. Insiders own 0.96% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TXN. American Beacon Advisors Inc. purchased a new position in Texas Instruments during the first quarter worth approximately $101,000. Patriot Financial Group Insurance Agency LLC increased its position in Texas Instruments by 18.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after buying an additional 200 shares in the last quarter. MV Capital Management Inc. boosted its stake in shares of Texas Instruments by 7.6% in the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after buying an additional 93 shares during the last quarter. ClariVest Asset Management LLC boosted its stake in shares of 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 during the last quarter. Finally, Balentine LLC boosted its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 84.71% 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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