Texas Instruments (NASDAQ:TXN) Now Covered by Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of Texas Instruments (NASDAQ:TXN) in a report issued on Tuesday, Marketbeat reports. The firm issued an outperform rating and a $213.00 price objective on the semiconductor company’s stock.

Several other research analysts also recently commented on TXN. Truist Financial lowered their price objective on shares of Texas Instruments from $166.00 to $165.00 and set a hold rating for the company in a research report on Friday, February 9th. Morgan Stanley boosted their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a research note on Wednesday, January 24th. TD Cowen boosted their target price on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a market perform rating in a research note on Wednesday, January 24th. Mizuho decreased their target price on shares of Texas Instruments from $170.00 to $164.00 and set a neutral rating on the stock in a research note on Wednesday, January 24th. Finally, Barclays decreased their target price on shares of Texas Instruments from $160.00 to $150.00 and set an equal weight rating on the stock in a research note on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Texas Instruments currently has an average rating of Hold and a consensus price target of $176.68.

Texas Instruments Trading Up 0.7 %

Shares of NASDAQ:TXN opened at $167.59 on Tuesday. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12. The stock has a market cap of $152.52 billion, a PE ratio of 23.74, a P/E/G ratio of 3.58 and a beta of 1.04. The business has a 50 day moving average of $167.95 and a 200-day moving average of $161.68. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. The business’s revenue was down 12.7% on a year-over-year basis. As a group, equities research analysts forecast that Texas Instruments will post 5.16 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 3.10%. Texas Instruments’s dividend payout ratio (DPR) is currently 73.65%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors have recently made changes to their positions in TXN. Fairfield Bush & CO. acquired a new position in shares of Texas Instruments during the first quarter valued at about $56,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Texas Instruments by 32.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock worth $182,908,000 after acquiring an additional 243,907 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Texas Instruments by 7.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock worth $1,105,000 after acquiring an additional 413 shares during the last quarter. Wsfs Capital Management LLC acquired a new stake in shares of Texas Instruments in the 1st quarter worth about $337,000. Finally, Bridgefront Capital LLC acquired a new stake in shares of Texas Instruments in the 1st quarter worth about $315,000. 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.