Texas Instruments Incorporated (NASDAQ:TXN) has been assigned an average rating of “Buy” from the thirty ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $96.18.
TXN has been the topic of a number of research reports. Robert W. Baird upped their price objective on Texas Instruments from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Zacks Investment Research lowered Texas Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Barclays increased their target price on Texas Instruments from $85.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Finally, SunTrust Banks reissued a “hold” rating and set a $86.00 target price on shares of Texas Instruments in a report on Thursday, October 12th.
Texas Instruments (TXN) opened at $108.29 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. Texas Instruments has a 1-year low of $72.47 and a 1-year high of $109.21. The company has a market capitalization of $106,864.33, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.47 and a beta of 1.27.
Texas Instruments announced that its Board of Directors has authorized a stock repurchase program on Thursday, September 21st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 74% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
In other Texas Instruments news, SVP Bing Xie sold 17,500 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $96.53, for a total value of $1,689,275.00. Following the completion of the transaction, the senior vice president now directly owns 78,102 shares in the company, valued at $7,539,186.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Blinn sold 16,990 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $96.44, for a total value of $1,638,515.60. Following the completion of the transaction, the director now owns 18,495 shares of the company’s stock, valued at $1,783,657.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,362,293 shares of company stock valued at $131,754,396. 0.96% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Texas Instruments by 2.1% in the second quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock valued at $6,256,728,000 after purchasing an additional 1,683,613 shares during the last quarter. BlackRock Inc. increased its stake in shares of Texas Instruments by 1.1% in the second quarter. BlackRock Inc. now owns 65,400,461 shares of the semiconductor company’s stock valued at $5,031,257,000 after buying an additional 681,821 shares during the period. Capital International Investors increased its stake in shares of Texas Instruments by 3.0% in the third quarter. Capital International Investors now owns 14,794,402 shares of the semiconductor company’s stock valued at $1,326,170,000 after buying an additional 435,938 shares during the period. Janus Henderson Group PLC increased its stake in shares of Texas Instruments by 16.5% in the third quarter. Janus Henderson Group PLC now owns 14,482,401 shares of the semiconductor company’s stock valued at $1,298,212,000 after buying an additional 2,055,040 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Texas Instruments by 0.4% in the second quarter. Northern Trust Corp now owns 13,556,007 shares of the semiconductor company’s stock valued at $1,042,864,000 after buying an additional 53,846 shares during the period. Hedge funds and other institutional investors own 83.82% of the company’s stock.
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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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