Texas Instruments (NASDAQ:TXN) Stock Rating Reaffirmed by Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of Texas Instruments (NASDAQ:TXN) in a report released on Wednesday, Benzinga reports. Cantor Fitzgerald currently has a $210.00 price objective on the semiconductor company’s stock. Cantor Fitzgerald also issued estimates for Texas Instruments’ FY2024 earnings at $4.82 EPS.

Several other equities analysts also recently commented on TXN. Mizuho increased their target price on Texas Instruments from $164.00 to $170.00 and gave the company a neutral rating in a research report on Wednesday, April 24th. Morgan Stanley raised their price objective on Texas Instruments from $150.00 to $156.00 and gave the stock an underweight rating in a research report on Thursday, July 11th. Rosenblatt Securities raised their price objective on Texas Instruments from $210.00 to $250.00 and gave the stock a buy rating in a research report on Monday, July 22nd. Stifel Nicolaus raised their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a hold rating in a research report on Thursday, July 18th. Finally, Oppenheimer restated a market perform rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $198.64.

Texas Instruments Price Performance

Texas Instruments stock opened at $201.99 on Wednesday. The company has a current ratio of 4.62, a quick ratio of 3.76 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $184.43 billion, a PE ratio of 31.51, a P/E/G ratio of 4.26 and a beta of 0.99. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $210.84. The stock has a 50-day moving average price of $198.04 and a two-hundred day moving average price of $179.86.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business’s quarterly revenue was down 15.6% on a year-over-year basis. During the same period last year, the company earned $1.87 earnings per share. Analysts expect that Texas Instruments will post 5.14 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be given a dividend of $1.30 per share. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.57%. Texas Instruments’s payout ratio is 81.12%.

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the transaction, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the transaction, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold a total of 328,969 shares of company stock valued at $58,427,984 over the last 90 days. Insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

A number of hedge funds have recently bought and sold shares of TXN. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments during the fourth quarter worth $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments during the fourth quarter worth $26,000. Richardson Financial Services Inc. bought a new stake in Texas Instruments during the fourth quarter worth $26,000. Scarborough Advisors LLC bought a new stake in Texas Instruments during the fourth quarter worth $26,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Texas Instruments in the fourth quarter valued at $31,000. 84.99% of the stock is currently owned by institutional investors.

About Texas Instruments

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.