Texas Instruments Incorporated (NASDAQ:TXN) had its target price hoisted by stock analysts at Deutsche Bank AG from $70.00 to $73.00 in a report released on Wednesday. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s target price indicates a potential downside of 7.90% from the company’s previous close.
A number of other brokerages have also recently issued reports on TXN. B. Riley restated a “neutral” rating and set a $75.00 target price on shares of Texas Instruments in a report on Wednesday. Credit Suisse Group restated an “outperform” rating and set a $95.00 target price on shares of Texas Instruments in a report on Wednesday. Robert W. Baird restated a “neutral” rating on shares of Texas Instruments in a report on Wednesday. Jefferies Group LLC restated a “buy” rating and set a $82.00 target price (up previously from $79.00) on shares of Texas Instruments in a report on Saturday, October 29th. Finally, Susquehanna initiated coverage on Texas Instruments in a report on Tuesday, December 20th. They set a “positive” rating on the stock. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $75.31.
Texas Instruments (NASDAQ:TXN) traded down 0.32% during trading on Wednesday, reaching $79.01. The company had a trading volume of 707,804 shares. Texas Instruments has a 52-week low of $49.10 and a 52-week high of $79.45. The company has a 50 day moving average price of $74.05 and a 200 day moving average price of $70.63. The company has a market capitalization of $78.69 billion, a PE ratio of 22.72 and a beta of 1.27.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, January 24th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter last year, the business earned $0.71 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments will post $3.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 13th. Stockholders of record on Tuesday, January 31st will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, January 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.52%. Texas Instruments’s dividend payout ratio (DPR) is currently 59.35%.
In other news, insider Brian T. Crutcher sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $70.69, for a total transaction of $1,060,350.00. Following the completion of the transaction, the insider now owns 309,250 shares of the company’s stock, valued at approximately $21,860,882.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.02% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC boosted its position in shares of Texas Instruments by 1.8% in the second quarter. Advisory Services Network LLC now owns 2,221 shares of the company’s stock worth $139,000 after buying an additional 40 shares during the last quarter. Baltimore Washington Financial Advisors Inc. boosted its position in shares of Texas Instruments by 6.7% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 137,385 shares of the company’s stock worth $8,607,000 after buying an additional 8,616 shares during the last quarter. Gargoyle Investment Advisor L.L.C. purchased a new position in shares of Texas Instruments during the second quarter worth about $1,178,000. First National Trust Co. boosted its position in shares of Texas Instruments by 16.4% in the second quarter. First National Trust Co. now owns 30,194 shares of the company’s stock worth $1,891,000 after buying an additional 4,262 shares during the last quarter. Finally, Clean Yield Group boosted its position in shares of Texas Instruments by 0.3% in the second quarter. Clean Yield Group now owns 26,925 shares of the company’s stock worth $1,687,000 after buying an additional 85 shares during the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.
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. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).