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

Posted by on Jun 18th, 2022

Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) has earned an average rating of “Hold” from the twenty-three ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $186.88.

A number of equities analysts have recently commented on TXN shares. Mizuho decreased their price target on shares of Texas Instruments from $190.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, April 27th. Barclays cut their price objective on shares of Texas Instruments from $170.00 to $150.00 and set an “underweight” rating for the company in a research note on Wednesday, April 27th. StockNews.com raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, June 1st. Susquehanna Bancshares cut their price objective on shares of Texas Instruments from $230.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, April 27th. Finally, UBS Group cut their price objective on shares of Texas Instruments from $180.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, April 27th.

Shares of NASDAQ:TXN opened at $150.20 on Friday. The company’s fifty day moving average price is $169.63 and its 200-day moving average price is $176.47. The firm has a market capitalization of $138.50 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.91 and a beta of 0.94. Texas Instruments has a one year low of $149.10 and a one year high of $202.26. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.54 and a quick ratio of 4.73.

Texas Instruments (NASDAQ:TXN – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The semiconductor company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.18. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.73 billion. Texas Instruments had a net margin of 43.34% and a return on equity of 64.89%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.87 EPS. As a group, equities research analysts expect that Texas Instruments will post 8.74 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 17th. Stockholders of record on Monday, May 9th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, May 6th. This represents a $4.60 annualized dividend and a dividend yield of 3.06%. Texas Instruments’s dividend payout ratio is 52.63%.

In related news, Director Robert E. Sanchez sold 12,299 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $169.40, for a total value of $2,083,450.60. Following the completion of the transaction, the director now directly owns 19,201 shares in the company, valued at approximately $3,252,649.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Hagop H. Kozanian sold 5,904 shares of the stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $170.23, for a total transaction of $1,005,037.92. Following the completion of the transaction, the vice president now owns 44,885 shares of the company’s stock, valued at $7,640,773.55. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Texas Instruments during the 4th quarter valued at about $1,534,890,000. Wellington Management Group LLP increased its stake in Texas Instruments by 7.6% during the 1st quarter. Wellington Management Group LLP now owns 31,412,885 shares of the semiconductor company’s stock valued at $5,763,635,000 after purchasing an additional 2,209,099 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Texas Instruments by 13.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock valued at $2,685,836,000 after purchasing an additional 1,779,273 shares in the last quarter. BlackRock Inc. increased its stake in Texas Instruments by 2.0% during the 1st quarter. BlackRock Inc. now owns 75,269,448 shares of the semiconductor company’s stock valued at $13,810,434,000 after purchasing an additional 1,484,246 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Texas Instruments by 360.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,704,000 shares of the semiconductor company’s stock valued at $321,153,000 after purchasing an additional 1,333,800 shares in the last quarter. Institutional investors own 83.96% of the company’s stock.

About Texas Instruments (Get Rating)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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