Texas Instruments Incorporated (NASDAQ:TXN) Given Average Rating of “Hold” by Analysts

Shares of Texas Instruments Incorporated (NASDAQ:TXN) have been given a consensus rating of “Hold” by the twenty-three research firms that are currently covering the firm, MarketBeat.com reports. Three research 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 twelve-month price target among analysts that have issued ratings on the stock in the last year is $206.95.

TXN has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Mizuho set a $200.00 price target on shares of Texas Instruments in a report on Friday, October 18th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Finally, Benchmark reissued a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd.

Texas Instruments Price Performance

TXN opened at $201.12 on Friday. The firm has a market cap of $183.47 billion, a P/E ratio of 37.38, a PEG ratio of 4.50 and a beta of 0.99. The firm has a 50-day moving average of $204.32 and a 200 day moving average of $199.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments has a fifty-two week low of $150.81 and a fifty-two week high of $220.38.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the business earned $1.80 earnings per share. On average, research analysts expect that Texas Instruments will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

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

Insiders Place Their Bets

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. The trade was a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the business’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 sale, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. This represents a 10.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Instruments

A number of large investors have recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in shares of Texas Instruments during the 3rd quarter valued at approximately $28,000. Tsfg LLC grew its stake in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Texas Instruments during the 3rd quarter valued at approximately $39,000. FSA Wealth Management LLC bought a new position in shares of Texas Instruments during the 3rd quarter valued at approximately $41,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Texas Instruments during the 3rd quarter valued at approximately $43,000. 84.99% of the stock is currently 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.