Texas Instruments’ (TXN) “Outperform” Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of Texas Instruments Incorporated (NASDAQ:TXN) in a research note published on Tuesday.

A number of other brokerages have also recently commented on TXN. Royal Bank Of Canada upped their price target on Texas Instruments from $95.00 to $96.00 and gave the stock an outperform rating in a research report on Wednesday, July 26th. UBS AG restated a buy rating and issued a $93.00 price target (up previously from $91.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Loop Capital restated a hold rating and issued a $84.00 price target (up previously from $79.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Drexel Hamilton upped their price target on Texas Instruments from $93.00 to $95.00 and gave the stock a buy rating in a research report on Wednesday, July 26th. Finally, Zacks Investment Research cut Texas Instruments from a hold rating to a sell rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $86.18.

Shares of Texas Instruments (NASDAQ:TXN) opened at 82.89 on Tuesday. Texas Instruments has a one year low of $66.80 and a one year high of $84.65. The stock has a market cap of $82.06 billion, a price-to-earnings ratio of 20.73 and a beta of 1.20. The company has a 50-day moving average price of $81.46 and a 200 day moving average price of $80.41.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. Texas Instruments’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. Equities research analysts expect that Texas Instruments will post $4.13 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Thursday, July 27th. Texas Instruments’s payout ratio is 50.51%.

In other news, insider Kevin J. Ritchie sold 105,396 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total value of $8,632,986.36. Following the completion of the sale, the insider now directly owns 252,257 shares of the company’s stock, valued at approximately $20,662,370.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $81.09, for a total value of $4,054,500.00. Following the completion of the sale, the chief operating officer now directly owns 201,440 shares of the company’s stock, valued at $16,334,769.60. The disclosure for this sale can be found here. Insiders sold a total of 211,301 shares of company stock valued at $17,259,256 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Several large investors have recently bought and sold shares of TXN. BlackRock Inc. lifted its stake in shares of Texas Instruments by 1,924.6% in the 1st quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock valued at $5,213,733,000 after purchasing an additional 61,521,990 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Texas Instruments by 729.1% in the 2nd quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock valued at $955,996,000 after purchasing an additional 10,928,410 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Texas Instruments by 370.0% in the 1st quarter. Jennison Associates LLC now owns 8,080,896 shares of the semiconductor company’s stock valued at $650,997,000 after purchasing an additional 6,361,577 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Texas Instruments by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock valued at $6,416,325,000 after purchasing an additional 3,551,400 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Texas Instruments by 252.0% in the 1st quarter. American Century Companies Inc. now owns 3,346,324 shares of the semiconductor company’s stock valued at $269,580,000 after purchasing an additional 2,395,581 shares during the last quarter. 83.69% of the stock is 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. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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