Texas Instruments Incorporated (NASDAQ:TXN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Texas Instruments Incorporated (NASDAQ:TXN) have earned a consensus rating of “Hold” from the twenty-three brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $206.95.

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Barclays decreased their price objective on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley boosted their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Finally, Evercore ISI boosted their price target on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd.

Texas Instruments Trading Down 2.4 %

TXN stock opened at $201.12 on Friday. Texas Instruments has a 1-year low of $150.81 and a 1-year high of $220.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The company has a market capitalization of $183.47 billion, a price-to-earnings ratio of 37.38, a PEG ratio of 4.50 and a beta of 0.99. The business has a 50 day simple moving average of $204.32 and a two-hundred day simple moving average of $199.31.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company posted $1.80 EPS. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. Research analysts anticipate that Texas Instruments will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Thursday, October 31st. Texas Instruments’s payout ratio is currently 101.12%.

Insider Activity

In related news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. This represents a 10.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This trade represents a 39.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is currently owned by company insiders.

Institutional Trading of Texas Instruments

Hedge funds have recently added to or reduced their stakes in the business. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments in the third quarter worth about $28,000. Tsfg LLC raised its holdings in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Texas Instruments in the third quarter worth about $39,000. FSA Wealth Management LLC bought a new position in Texas Instruments in the third quarter worth about $41,000. Finally, McClarren Financial Advisors Inc. bought a new position in Texas Instruments in the third quarter worth about $43,000. 84.99% 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 in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.