Shares of Texas Instruments Incorporated (NASDAQ:TXN) have been assigned an average rating of “Hold” from the twenty-eight analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $203.44.
Several equities research analysts have recently weighed in on TXN shares. Zacks Investment Research lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $201.00 target price on the stock. in a report on Tuesday, June 29th. Susquehanna boosted their target price on shares of Texas Instruments from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Thursday, July 1st. Longbow Research lowered shares of Texas Instruments from a “buy” rating to a “neutral” rating in a research report on Monday, September 20th. JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, July 22nd. Finally, Morgan Stanley boosted their price objective on shares of Texas Instruments from $176.00 to $185.00 and gave the stock an “underweight” rating in a research report on Monday, July 19th.
Shares of TXN traded up $3.54 during trading hours on Monday, hitting $190.64. The stock had a trading volume of 32,883 shares, compared to its average volume of 4,177,620. The company’s fifty day moving average is $191.49 and its two-hundred day moving average is $189.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.08 and a quick ratio of 4.23. Texas Instruments has a 52 week low of $141.33 and a 52 week high of $200.92. The stock has a market capitalization of $176.00 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 2.59 and a beta of 1.01.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 15th. Stockholders of record on Monday, November 1st will be issued a $1.15 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.02. The ex-dividend date is Friday, October 29th. This represents a $4.60 annualized dividend and a dividend yield of 2.41%. Texas Instruments’s payout ratio is 68.34%.
In related news, Director Jean M. Hobby sold 900 shares of the company’s stock in a transaction on Thursday, August 5th. The shares were sold at an average price of $192.04, for a total value of $172,836.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Julie C. Knecht sold 7,399 shares of the company’s stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $192.17, for a total transaction of $1,421,865.83. Following the completion of the transaction, the chief accounting officer now directly owns 16,472 shares of the company’s stock, valued at $3,165,424.24. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. Parisi Gray Wealth Management bought a new stake in Texas Instruments during the 2nd quarter worth about $29,000. Eubel Brady & Suttman Asset Management Inc. bought a new stake in Texas Instruments during the 2nd quarter worth about $33,000. Key Financial Inc lifted its position in Texas Instruments by 240.0% during the 2nd quarter. Key Financial Inc now owns 238 shares of the semiconductor company’s stock worth $45,000 after buying an additional 168 shares in the last quarter. MV Capital Management Inc. lifted its position in Texas Instruments by 104.4% during the 2nd quarter. MV Capital Management Inc. now owns 233 shares of the semiconductor company’s stock worth $45,000 after buying an additional 119 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC bought a new stake in shares of Texas Instruments in the 1st quarter valued at about $55,000. 82.51% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Company Profile
Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.
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