Cantor Fitzgerald Reaffirms “Neutral” Rating for Texas Instruments (NASDAQ:TXN)

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

Several other brokerages also recently weighed in on TXN. Rosenblatt Securities increased their price target on Texas Instruments from $210.00 to $250.00 and gave the stock a buy rating in a report on Monday, July 22nd. Oppenheimer reiterated a market perform rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Benchmark reiterated a buy rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday. Jefferies Financial Group increased their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a hold rating in a research report on Wednesday. Finally, KeyCorp increased their price objective on Texas Instruments from $200.00 to $250.00 and gave the stock an overweight rating in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $198.64.

Texas Instruments Price Performance

TXN stock opened at $201.99 on Wednesday. The company has a market capitalization of $184.43 billion, a P/E ratio of 31.51, a PEG ratio of 4.26 and a beta of 0.99. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $210.84. The business has a 50 day simple moving average of $198.04 and a 200-day simple moving average of $179.78. The company has a current ratio of 4.62, a quick ratio of 3.76 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The business 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 company’s revenue was down 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 earnings per share. As a group, equities analysts anticipate that Texas Instruments will post 5.14 EPS for the current year.

Texas Instruments Dividend Announcement

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

Insider Buying and Selling

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction dated 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 sale, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock worth $58,427,984 over the last ninety days. 0.68% of the stock is owned by insiders.

Institutional Trading of Texas Instruments

Large investors have recently modified their holdings of the company. Norges Bank bought a new position in Texas Instruments in the 4th quarter valued at about $1,649,592,000. Van ECK Associates Corp boosted its position in shares of Texas Instruments by 54.3% during the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after purchasing an additional 1,972,304 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Texas Instruments by 33.2% during the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after purchasing an additional 1,502,989 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Texas Instruments by 338.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after purchasing an additional 1,385,725 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in shares of Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after purchasing an additional 1,279,828 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.