Texas Instruments Incorporated (NASDAQ:TXN) had its price objective hoisted by equities research analysts at Mizuho from $68.00 to $75.00 in a report issued on Wednesday. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price target points to a potential downside of 5.37% from the company’s previous close.
TXN has been the topic of several other reports. Credit Suisse Group upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and increased their target price for the company from $77.00 to $95.00 in a research note on Monday, January 9th. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, October 19th. B. Riley raised Texas Instruments from a “neutral” rating to a “buy” rating in a report on Friday, September 30th. Susquehanna assumed coverage on Texas Instruments in a report on Tuesday, December 20th. They set a “positive” rating on the stock. Finally, Jefferies Group LLC reissued a “buy” rating and set a $82.00 price target (up from $79.00) on shares of Texas Instruments in a report on Saturday, October 29th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $75.31.
Texas Instruments (NASDAQ:TXN) opened at 79.14 on Wednesday. Texas Instruments has a 12 month low of $49.10 and a 12 month high of $79.16. The stock has a 50 day moving average price of $74.05 and a 200 day moving average price of $70.63. The stock has a market capitalization of $78.82 billion, a PE ratio of 22.75 and a beta of 1.27.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, January 24th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.82 by $0.20. Texas Instruments had a return on equity of 32.78% and a net margin of 25.89%. The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the business posted $0.71 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts forecast that Texas Instruments will post $3.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 13th. Shareholders of record on Tuesday, January 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, January 27th. Texas Instruments’s dividend payout ratio is currently 59.35%.
In other Texas Instruments news, insider Brian T. Crutcher sold 15,000 shares of Texas Instruments stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $70.69, for a total value of $1,060,350.00. Following the transaction, the insider now directly owns 309,250 shares of the company’s stock, valued at $21,860,882.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in shares of Texas Instruments by 15.4% in the third quarter. Morgan Stanley now owns 3,431,519 shares of the company’s stock worth $240,825,000 after buying an additional 458,737 shares during the period. Principal Financial Group Inc. raised its stake in shares of Texas Instruments by 10.1% in the third quarter. Principal Financial Group Inc. now owns 1,572,051 shares of the company’s stock worth $110,327,000 after buying an additional 144,839 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of Texas Instruments by 5.3% in the third quarter. Great West Life Assurance Co. Can now owns 791,085 shares of the company’s stock worth $55,462,000 after buying an additional 39,862 shares during the period. HRT Financial LLC bought a new stake in shares of Texas Instruments during the second quarter worth $294,000. Finally, BlackRock Inc. raised its stake in shares of Texas Instruments by 13.5% in the third quarter. BlackRock Inc. now owns 3,324,493 shares of the company’s stock worth $233,313,000 after buying an additional 394,734 shares during the period. 86.06% of the stock is currently owned by institutional investors and hedge funds.
About Texas Instruments
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. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).