Texas Instruments (NASDAQ:TXN) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Texas Instruments (NASDAQ:TXN) in a research report report published on Friday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $215.00 target price on the semiconductor company’s stock.

Other research analysts have also recently issued reports about the company. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Robert W. Baird lowered their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Bank of America cut their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Barclays lowered their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $210.05.

Texas Instruments Price Performance

NASDAQ TXN opened at $202.93 on Friday. The firm’s 50 day moving average is $204.54 and its 200-day moving average is $200.61. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $185.12 billion, a PE ratio of 37.72, a price-to-earnings-growth ratio of 4.33 and a beta of 0.99. Texas Instruments has a 12-month low of $151.27 and a 12-month high of $220.38.

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

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a $1.36 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.68%. Texas Instruments’s dividend payout ratio is 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 on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Tidal Investments LLC lifted its position in Texas Instruments by 11.1% during the third quarter. Tidal Investments LLC now owns 47,083 shares of the semiconductor company’s stock worth $9,726,000 after purchasing an additional 4,690 shares during the period. Wilmington Savings Fund Society FSB raised its position in shares of Texas Instruments by 156.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 45,969 shares of the semiconductor company’s stock valued at $9,496,000 after buying an additional 28,012 shares in the last quarter. Arvest Bank Trust Division bought a new stake in shares of Texas Instruments during the 3rd quarter worth approximately $2,470,000. World Investment Advisors LLC lifted its holdings in shares of Texas Instruments by 156.4% during the 3rd quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company’s stock worth $1,444,000 after acquiring an additional 4,266 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in shares of Texas Instruments by 12.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 170,670 shares of the semiconductor company’s stock worth $33,793,000 after acquiring an additional 19,284 shares in 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.