Texas Instruments (NASDAQ:TXN) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Texas Instruments (NASDAQ:TXN) in a research report sent to investors on Friday, MarketBeat reports. The firm issued an equal weight rating and a $215.00 price objective on the semiconductor company’s stock.

Several other equities analysts also recently issued reports on TXN. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Robert W. Baird reduced their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $200.00 to $235.00 in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Stock Down 0.1 %

Shares of TXN opened at $198.00 on Friday. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $204.45 and a two-hundred day moving average price of $200.49. The stock has a market cap of $180.62 billion, a price-to-earnings ratio of 36.80, a P/E/G ratio of 4.33 and a beta of 0.99. Texas Instruments has a 12 month low of $151.27 and a 12 month high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping 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 quarter last year, the company earned $1.80 EPS. Texas Instruments’s revenue was down 8.4% on a year-over-year basis. Equities analysts predict that Texas Instruments will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

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

Insider Activity

In other news, Director Robert E. Sanchez sold 9,990 shares of Texas Instruments stock in a transaction on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now directly owns 20,461 shares of the company’s stock, 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 document filed with the SEC, which is available through this hyperlink. 0.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MidAtlantic Capital Management Inc. bought a new position in Texas Instruments during the 3rd quarter worth about $28,000. Tsfg LLC raised its position in Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 82 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Texas Instruments in the 3rd quarter valued at approximately $39,000. FSA Wealth Management LLC acquired a new position in Texas Instruments during the 3rd quarter worth approximately $41,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Texas Instruments during the 3rd quarter worth approximately $43,000. 84.99% of the stock is currently owned by institutional investors.

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.