Texas Instruments (NASDAQ:TXN) Earns “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a $210.00 price target on the semiconductor company’s stock.

Several other brokerages have also recently commented on TXN. UBS Group raised Texas Instruments from a neutral rating to a buy rating and boosted their price target for the company from $170.00 to $195.00 in a research note on Friday, January 19th. Cantor Fitzgerald boosted their price target on Texas Instruments from $170.00 to $180.00 and gave the company a neutral rating in a research note on Monday, April 8th. Evercore ISI started coverage on Texas Instruments in a research note on Tuesday, April 16th. They issued an outperform rating and a $213.00 price target for the company. Susquehanna lowered their price target on Texas Instruments from $205.00 to $200.00 and set a positive rating for the company in a research note on Wednesday, January 24th. Finally, TD Cowen boosted their price target on Texas Instruments from $160.00 to $175.00 and gave the company a hold rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Texas Instruments currently has an average rating of Hold and an average price target of $180.74.

Texas Instruments Price Performance

Shares of TXN opened at $177.48 on Wednesday. The company has a market capitalization of $161.59 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 3.75 and a beta of 1.04. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.35. The business’s 50-day moving average is $169.29 and its 200-day moving average is $162.25.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. Equities research analysts expect that Texas Instruments will post 5.2 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be given a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.93%. Texas Instruments’s dividend payout ratio is 81.12%.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently modified their holdings of TXN. Riverwater Partners LLC acquired a new position in shares of Texas Instruments in the first quarter valued at $434,000. James Hambro & Partners raised its stake in shares of Texas Instruments by 7.2% in the first quarter. James Hambro & Partners now owns 480,658 shares of the semiconductor company’s stock valued at $83,702,000 after purchasing an additional 32,193 shares in the last quarter. Conning Inc. raised its stake in shares of Texas Instruments by 3.3% in the first quarter. Conning Inc. now owns 223,752 shares of the semiconductor company’s stock valued at $38,905,000 after purchasing an additional 7,067 shares in the last quarter. Finer Wealth Management Inc. raised its stake in shares of Texas Instruments by 75.8% in the first quarter. Finer Wealth Management Inc. now owns 4,264 shares of the semiconductor company’s stock valued at $743,000 after purchasing an additional 1,839 shares in the last quarter. Finally, BLB&B Advisors LLC raised its stake in shares of Texas Instruments by 2.5% in the first quarter. BLB&B Advisors LLC now owns 4,404 shares of the semiconductor company’s stock valued at $767,000 after purchasing an additional 106 shares in the last quarter. 84.99% of the stock is owned by 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.