Shares of Texas Instruments Incorporated (NASDAQ:TXN) have been given a consensus rating of “Buy” by the thirty-three research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $94.42.
A number of equities analysts have issued reports on the company. KeyCorp restated a “hold” rating on shares of Texas Instruments in a report on Friday, November 24th. Mizuho restated a “hold” rating on shares of Texas Instruments in a report on Wednesday, October 25th. BMO Capital Markets restated a “buy” rating and set a $105.00 price target on shares of Texas Instruments in a report on Wednesday, October 25th. Deutsche Bank increased their target price on Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Bank of America increased their target price on Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th.
In related news, Director Mark A. Blinn sold 16,990 shares of Texas Instruments stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $96.44, for a total value of $1,638,515.60. Following the completion of the sale, the director now owns 18,495 shares of the company’s stock, valued at approximately $1,783,657.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Bing Xie sold 17,500 shares of Texas Instruments stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $96.53, for a total value of $1,689,275.00. Following the completion of the sale, the senior vice president now directly owns 78,102 shares of the company’s stock, valued at approximately $7,539,186.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,362,293 shares of company stock valued at $131,754,396. Insiders own 0.96% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American Beacon Advisors Inc. bought a new position in Texas Instruments in the 1st quarter worth about $101,000. Patriot Financial Group Insurance Agency LLC boosted its stake in Texas Instruments by 18.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 200 shares during the period. MV Capital Management Inc. boosted its stake in Texas Instruments by 7.6% in the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 93 shares during the period. Acrospire Investment Management LLC boosted its stake in Texas Instruments by 55.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 500 shares during the period. Finally, American National Bank boosted its stake in Texas Instruments by 2,470.9% in the 2nd quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 1,359 shares during the period. 83.97% of the stock is owned by institutional investors.
Texas Instruments (TXN) opened at $98.02 on Monday. The stock has a market capitalization of $96,604.64, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 2.34 and a beta of 1.27. Texas Instruments has a twelve month low of $71.19 and a twelve month high of $99.79. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.14. The firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 EPS. sell-side analysts anticipate that Texas Instruments will post 4.36 earnings per share for the current fiscal year.
Texas Instruments announced that its Board of Directors has initiated a stock repurchase plan on Thursday, September 21st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 74% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 annualized dividend and a dividend yield of 2.53%. Texas Instruments’s dividend payout ratio (DPR) is currently 57.94%.
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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.
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