Texas Instruments (NASDAQ:TXN) had its price target lifted by Mizuho from $113.00 to $123.00 in a research note released on Thursday, The Fly reports. They currently have a neutral rating on the semiconductor company’s stock.
A number of other analysts have also commented on TXN. Deutsche Bank cut their price objective on shares of Texas Instruments from $120.00 to $115.00 and set a hold rating on the stock in a research report on Wednesday, October 23rd. BidaskClub raised shares of Texas Instruments from a sell rating to a hold rating in a research report on Saturday, December 7th. Oppenheimer boosted their price objective on shares of Texas Instruments from to in a research report on Friday, January 17th. Morgan Stanley boosted their price objective on shares of Texas Instruments from $109.00 to $119.00 and gave the stock an equal weight rating in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus set a $117.00 price objective on shares of Texas Instruments and gave the stock a hold rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $127.41.
Shares of NASDAQ:TXN traded down $3.73 during trading on Thursday, hitting $130.52. 5,606,780 shares of the company’s stock were exchanged, compared to its average volume of 5,327,617. Texas Instruments has a 1-year low of $100.17 and a 1-year high of $135.70. The firm has a 50-day moving average price of $128.12 and a two-hundred day moving average price of $124.31. The company has a current ratio of 4.34, a quick ratio of 3.32 and a debt-to-equity ratio of 0.59. The firm has a market cap of $124.64 billion, a P/E ratio of 24.96, a PEG ratio of 2.64 and a beta of 1.21.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Wednesday, January 22nd. The semiconductor company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.10. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Texas Instruments had a net margin of 34.83% and a return on equity of 56.61%. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.27 earnings per share. As a group, research analysts predict that Texas Instruments will post 4.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 31st will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is 68.70%.
In other Texas Instruments news, VP Ahmad Bahai sold 1,550 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.99, for a total value of $182,884.50. Following the sale, the vice president now owns 25,354 shares of the company’s stock, valued at approximately $2,991,518.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Hagop H. Kozanian sold 5,383 shares of Texas Instruments stock in a transaction on Friday, November 8th. The shares were sold at an average price of $119.51, for a total value of $643,322.33. Following the completion of the transaction, the vice president now owns 41,839 shares in the company, valued at approximately $5,000,178.89. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TXN. Marshall Wace LLP acquired a new stake in shares of Texas Instruments in the 2nd quarter valued at approximately $424,000. Victory Capital Management Inc. grew its holdings in shares of Texas Instruments by 289.3% during the 2nd quarter. Victory Capital Management Inc. now owns 189,953 shares of the semiconductor company’s stock valued at $21,799,000 after purchasing an additional 141,154 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in Texas Instruments during the 2nd quarter worth approximately $4,652,000. Integrated Wealth Concepts LLC increased its position in Texas Instruments by 33.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 2,575 shares of the semiconductor company’s stock worth $296,000 after purchasing an additional 646 shares in the last quarter. Finally, MidWestOne Financial Group Inc. acquired a new position in Texas Instruments during the 2nd quarter worth approximately $513,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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