Texas Instruments Incorporated (NASDAQ:TXN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Texas Instruments Incorporated (NASDAQ:TXN) have earned an average recommendation of “Hold” from the twenty-three brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $206.95.

Several equities analysts recently weighed in on TXN shares. Robert W. Baird cut their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Bank of America decreased their price objective on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group lifted their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th.

Insider Transactions at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This represents a 39.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock worth $5,341,235 in the last quarter. 0.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

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

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $198.19 on Friday. The firm has a market cap of $180.79 billion, a P/E ratio of 36.84, a PEG ratio of 4.40 and a beta of 0.99. Texas Instruments has a 1 year low of $151.27 and a 1 year high of $220.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The stock has a fifty day moving average price of $204.45 and a two-hundred day moving average price of $200.15.

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

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.74%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

About Texas Instruments

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.