Texas Instruments Incorporated (NASDAQ:TXN)‘s stock had its “neutral” rating reiterated by Robert W. Baird in a research note issued on Wednesday.
TXN has been the subject of a number of other research reports. Credit Suisse Group raised shares of Texas Instruments from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $77.00 to $95.00 in a report on Monday, January 9th. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, October 19th. B. Riley raised shares of Texas Instruments from a “neutral” rating to a “buy” rating in a report on Friday, September 30th. Mizuho raised their price target on shares of Texas Instruments from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Susquehanna started coverage on shares of Texas Instruments in a report on Tuesday, December 20th. They issued a “positive” rating for the company. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $75.31.
Shares of Texas Instruments (NASDAQ:TXN) traded down 0.34% on Wednesday, reaching $78.99. 706,892 shares of the company traded hands. Texas Instruments has a 1-year low of $49.10 and a 1-year high of $79.45. The company has a 50-day moving average of $74.05 and a 200-day moving average of $70.63. The stock has a market capitalization of $78.67 billion, a price-to-earnings ratio of 22.71 and a beta of 1.27.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, January 24th. The company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.20. The company earned $3.41 billion during the quarter, compared to the consensus estimate of $3.31 billion. Texas Instruments had a net margin of 25.89% and a return on equity of 32.78%. Texas Instruments’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share. Analysts anticipate that Texas Instruments will post $3.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 13th. Investors of record on Tuesday, January 31st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Friday, January 27th. Texas Instruments’s dividend payout ratio is currently 59.35%.
In related news, insider Brian T. Crutcher sold 15,000 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $70.69, for a total transaction of $1,060,350.00. Following the completion of the sale, the insider now owns 309,250 shares in the company, valued at approximately $21,860,882.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.02% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of TXN. Headinvest LLC purchased a new position in shares of Texas Instruments during the fourth quarter worth approximately $4,291,000. Russell Investments Group Ltd. purchased a new position in shares of Texas Instruments during the fourth quarter worth approximately $79,714,000. Robinson Value Management Ltd. purchased a new position in shares of Texas Instruments during the fourth quarter worth approximately $365,000. Hall Laurie J Trustee purchased a new position in shares of Texas Instruments during the fourth quarter worth approximately $174,000. Finally, RGT Capital Management Ltd. purchased a new position in shares of Texas Instruments during the third quarter worth approximately $1,669,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.
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).