Texas Instruments Incorporated (TXN) Receives Consensus Recommendation of “Buy” from Analysts
Texas Instruments Incorporated (NASDAQ:TXN) has been assigned an average recommendation of “Buy” from the thirty-one ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $85.66.
Several equities analysts have recently commented on TXN shares. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $90.00 price objective on shares of Texas Instruments in a report on Tuesday, April 25th. Jefferies Group LLC upped their price objective on shares of Texas Instruments from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Robert W. Baird upped their price objective on shares of Texas Instruments from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, April 26th. Vetr lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 target price on the stock. in a report on Tuesday, April 18th. Finally, Zacks Investment Research lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th.
Shares of Texas Instruments (NASDAQ:TXN) opened at 82.17 on Tuesday. The firm has a 50-day moving average of $79.91 and a 200 day moving average of $79.37. Texas Instruments has a 52 week low of $66.30 and a 52 week high of $84.65. The company has a market cap of $81.49 billion, a P/E ratio of 20.42 and a beta of 1.21.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.07. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the prior year, the company posted $0.76 EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts expect that Texas Instruments will post $4.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, July 27th. Texas Instruments’s payout ratio is currently 50.51%.
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In other news, insider Niels Anderskouv sold 134,360 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $80.42, for a total value of $10,805,231.20. Following the completion of the sale, the insider now owns 132,079 shares in the company, valued at approximately $10,621,793.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brian T. Crutcher sold 50,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the completion of the sale, the chief operating officer now owns 201,440 shares of the company’s stock, valued at approximately $16,334,769.60. The disclosure for this sale can be found here. Insiders have sold a total of 257,685 shares of company stock worth $20,816,827 over the last three months. 0.96% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its stake in Texas Instruments by 30.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,819,706 shares of the semiconductor company’s stock valued at $139,984,000 after buying an additional 425,308 shares during the period. Canandaigua National Bank & Trust Co. boosted its stake in Texas Instruments by 0.9% in the second quarter. Canandaigua National Bank & Trust Co. now owns 22,873 shares of the semiconductor company’s stock valued at $1,760,000 after buying an additional 214 shares during the period. Prudential Financial Inc. boosted its stake in Texas Instruments by 11.7% in the second quarter. Prudential Financial Inc. now owns 3,901,750 shares of the semiconductor company’s stock valued at $300,162,000 after buying an additional 407,981 shares during the period. GHP Investment Advisors Inc. boosted its stake in Texas Instruments by 6.7% in the second quarter. GHP Investment Advisors Inc. now owns 10,897 shares of the semiconductor company’s stock valued at $838,000 after buying an additional 684 shares during the period. Finally, Usca Ria LLC boosted its stake in Texas Instruments by 32.9% in the second quarter. Usca Ria LLC now owns 7,298 shares of the semiconductor company’s stock valued at $561,000 after buying an additional 1,806 shares during the period. Institutional investors own 84.64% of the company’s stock.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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