Texas Instruments Incorporated (NASDAQ:TXN) Receives Average Recommendation of “Hold” from Analysts

Texas Instruments Incorporated (NASDAQ:TXN) has earned a consensus rating of “Hold” from the twenty-one ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $204.67.

Several analysts have issued reports on the company. Cantor Fitzgerald restated a “neutral” rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, August 21st. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Robert W. Baird upped their price objective on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Rosenblatt Securities upped their target price on Texas Instruments from $210.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, Benchmark reaffirmed a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Wednesday, July 24th.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares of the company’s stock, valued at approximately $6,035,956.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Investment Advisory Services Inc. TX ADV lifted its position in shares of Texas Instruments by 1.6% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after acquiring an additional 51 shares during the last quarter. Verity Asset Management Inc. lifted its position in shares of Texas Instruments by 1.1% during the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after acquiring an additional 54 shares during the last quarter. Prentice Wealth Management LLC lifted its position in shares of Texas Instruments by 2.1% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock valued at $516,000 after acquiring an additional 55 shares during the last quarter. Pure Financial Advisors LLC lifted its position in shares of Texas Instruments by 2.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock valued at $433,000 after acquiring an additional 55 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its position in shares of Texas Instruments by 14.1% during the 2nd quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.9 %

NASDAQ:TXN opened at $201.67 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments has a one year low of $139.48 and a one year high of $214.66. The business’s 50-day simple moving average is $201.35 and its 200 day simple moving average is $191.86. The stock has a market cap of $183.62 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 4.55 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the firm posted $1.87 earnings per share. The company’s revenue was down 15.6% compared to the same quarter last year. As a group, sell-side analysts predict that Texas Instruments will post 5.11 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.70%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments’s dividend payout ratio is 84.87%.

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.