Texas Instruments Incorporated (NASDAQ:TXN) Given Average Recommendation of “Hold” by Analysts

Shares of Texas Instruments Incorporated (NASDAQ:TXN) have been assigned an average rating of “Hold” from the twenty-three ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $210.05.

A number of research firms have weighed in on TXN. Evercore ISI raised their price target on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Bank of America reduced their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Morgan Stanley upped their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial decreased their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now owns 28,894 shares of the company’s stock, valued at $6,035,956.60. The trade was a 11.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,968 shares of company stock worth $3,126,464. 0.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors and hedge funds have recently modified their holdings of TXN. Banco Santander S.A. increased its holdings in shares of Texas Instruments by 6.4% during the first quarter. Banco Santander S.A. now owns 5,827 shares of the semiconductor company’s stock valued at $1,015,000 after acquiring an additional 350 shares in the last quarter. M&G Plc purchased a new stake in shares of Texas Instruments during the first quarter valued at $16,331,000. Nicolet Advisory Services LLC boosted its position in shares of Texas Instruments by 31.9% during the first quarter. Nicolet Advisory Services LLC now owns 2,112 shares of the semiconductor company’s stock valued at $366,000 after buying an additional 511 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Texas Instruments by 5.8% during the first quarter. Intech Investment Management LLC now owns 21,817 shares of the semiconductor company’s stock valued at $3,801,000 after buying an additional 1,202 shares during the last quarter. Finally, Spirepoint Private Client LLC purchased a new stake in shares of Texas Instruments during the first quarter valued at $411,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Down 0.1 %

Texas Instruments stock opened at $198.00 on Friday. The stock has a market cap of $180.62 billion, a P/E ratio of 36.80, a PEG ratio of 4.33 and a beta of 0.99. Texas Instruments has a fifty-two week low of $151.27 and a fifty-two week high of $220.38. The firm’s fifty day moving average price is $204.45 and its 200-day moving average price is $200.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.80 earnings per share. Equities research analysts forecast that Texas Instruments will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were paid a $1.36 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.75%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

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.