Texas Instruments Incorporated (NASDAQ:TXN) Given Consensus Rating of “Hold” by Brokerages

Texas Instruments Incorporated (NASDAQ:TXN) has received a consensus rating of “Hold” from the twenty-three brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $210.05.

A number of brokerages have weighed in on TXN. Robert W. Baird lowered their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Truist Financial cut their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Evercore ISI raised their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd.

Texas Instruments Stock Up 1.9 %

NASDAQ:TXN opened at $190.51 on Friday. Texas Instruments has a twelve month low of $155.46 and a twelve month high of $220.38. The firm has a market capitalization of $173.79 billion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98. 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 stock’s 50 day moving average price is $198.24 and its two-hundred day moving average price is $199.81.

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. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the company earned $1.80 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities research analysts expect that Texas Instruments will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s payout ratio is currently 101.12%.

Insider Buying and Selling at Texas Instruments

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. This trade represents a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

A number of hedge funds and other institutional investors have recently bought and sold shares of TXN. Central Pacific Bank Trust Division boosted its stake in shares of Texas Instruments by 0.6% during the fourth quarter. Central Pacific Bank Trust Division now owns 17,948 shares of the semiconductor company’s stock valued at $3,365,000 after purchasing an additional 112 shares in the last quarter. GAMMA Investing LLC raised its holdings in Texas Instruments by 0.8% in the 4th quarter. GAMMA Investing LLC now owns 15,641 shares of the semiconductor company’s stock valued at $2,933,000 after buying an additional 122 shares during the last quarter. Versant Capital Management Inc boosted its position in Texas Instruments by 108.6% during the 4th quarter. Versant Capital Management Inc now owns 1,095 shares of the semiconductor company’s stock worth $205,000 after buying an additional 570 shares during the period. Independent Solutions Wealth Management LLC grew its holdings in Texas Instruments by 0.6% during the 3rd quarter. Independent Solutions Wealth Management LLC now owns 12,441 shares of the semiconductor company’s stock worth $2,570,000 after acquiring an additional 72 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Texas Instruments in the 3rd quarter valued at approximately $10,011,000. Institutional investors own 84.99% of the company’s stock.

About Texas Instruments

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.