Arete Research upgraded shares of Texas Instruments (NASDAQ:TXN – Free Report) to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.
TXN has been the subject of several other reports. TD Cowen upped their target price on shares of Texas Instruments from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday. Truist Financial cut their price target on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus cut their price target on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Mizuho set a $170.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, Sanford C. Bernstein upgraded shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 5th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average price target of $191.49.
Check Out Our Latest Stock Report on Texas Instruments
Texas Instruments Stock Up 0.4%
Texas Instruments (NASDAQ:TXN – Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business earned $1.10 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts anticipate that Texas Instruments will post 5.35 EPS for the current fiscal year.
Texas Instruments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Wednesday, April 30th. Texas Instruments’s dividend payout ratio is 103.23%.
Hedge Funds Weigh In On Texas Instruments
Institutional investors and hedge funds have recently made changes to their positions in the business. Promus Capital LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $25,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $28,000. Cloud Capital Management LLC bought a new stake in shares of Texas Instruments during the first quarter valued at approximately $28,000. Finally, Copia Wealth Management bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. 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.
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