Rosenblatt Securities Reiterates “Buy” Rating for Texas Instruments (NASDAQ:TXN)

Rosenblatt Securities reissued their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a report released on Tuesday,Benzinga reports. The brokerage currently has a $250.00 price target on the semiconductor company’s stock.

A number of other analysts also recently weighed in on TXN. Susquehanna decreased their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Truist Financial cut their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Bank of America cut their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company dropped their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Robert W. Baird dropped their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $210.45.

Texas Instruments Stock Performance

Texas Instruments stock opened at $195.23 on Tuesday. The business has a 50 day moving average of $194.32 and a 200-day moving average of $199.61. Texas Instruments has a 1 year low of $155.46 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 $178.09 billion, a P/E ratio of 36.29, a P/E/G ratio of 3.74 and a beta of 0.98.

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

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

Insider Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments 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 transaction, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. The trade was a 32.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Institutional Trading of Texas Instruments

Large investors have recently modified their holdings of the business. Cahill Financial Advisors Inc. lifted its position in Texas Instruments by 3.5% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 1,443 shares of the semiconductor company’s stock worth $298,000 after buying an additional 49 shares during the last quarter. KCM Investment Advisors LLC lifted its position in Texas Instruments by 1.4% in the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock worth $738,000 after buying an additional 50 shares during the last quarter. Lansing Street Advisors lifted its position in Texas Instruments by 4.7% in the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock worth $233,000 after buying an additional 51 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in Texas Instruments by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock worth $1,030,000 after buying an additional 52 shares during the last quarter. Finally, ABLE Financial Group LLC lifted its position in Texas Instruments by 2.9% in the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock worth $376,000 after buying an additional 52 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

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.