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

Texas Instruments Incorporated (NASDAQ:TXN) has been given an average recommendation of “Hold” by the twenty brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $180.74.

Several research firms have commented on TXN. JPMorgan Chase & Co. boosted their target price on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Evercore ISI increased their target price on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Morgan Stanley upped their price target on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Robert W. Baird lifted their price objective on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group raised their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a report on Wednesday, April 24th.

Insider Transactions at Texas Instruments

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

Hedge Funds Weigh In On Texas Instruments

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Texas Instruments by 0.5% in the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after acquiring an additional 458,853 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after buying an additional 1,154,513 shares during the period. Morgan Stanley grew its stake in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after buying an additional 1,755,582 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Texas Instruments by 10.1% during the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after acquiring an additional 1,095,303 shares during the last quarter. Finally, Northern Trust Corp grew its position in Texas Instruments by 2.9% in the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after acquiring an additional 315,302 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Texas Instruments stock opened at $179.29 on Tuesday. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The stock has a market cap of $163.24 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 3.78 and a beta of 1.04. The stock’s 50 day simple moving average is $169.67 and its two-hundred day simple moving average is $162.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 earnings per share. As a group, analysts expect that Texas Instruments will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

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.