TXN has been the topic of several other research reports. KeyCorp assumed coverage on Texas Instruments in a research report on Tuesday, September 25th. They issued a sector weight rating on the stock. Zacks Investment Research raised Texas Instruments from a sell rating to a hold rating in a research report on Monday, October 8th. Longbow Research raised Texas Instruments from a neutral rating to a buy rating in a research report on Wednesday, July 11th. Atlantic Securities assumed coverage on Texas Instruments in a research report on Tuesday, July 10th. They issued an overweight rating and a $130.00 target price on the stock. Finally, UBS Group set a $93.00 target price on Texas Instruments and gave the company a sell rating in a research report on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the stock. Texas Instruments has an average rating of Hold and a consensus target price of $117.11.
NASDAQ TXN traded down $1.21 during trading on Wednesday, reaching $90.56. 15,852,483 shares of the company’s stock were exchanged, compared to its average volume of 8,968,744. Texas Instruments has a fifty-two week low of $87.90 and a fifty-two week high of $120.75. The company has a quick ratio of 5.12, a current ratio of 3.97 and a debt-to-equity ratio of 0.41. The company has a market cap of $89.22 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.78 and a beta of 1.19.
Texas Instruments announced that its board has authorized a stock repurchase program on Thursday, September 20th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the semiconductor company to repurchase up to 11.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Wednesday, October 31st will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $0.62. This represents a $3.08 annualized dividend and a yield of 3.40%. Texas Instruments’s dividend payout ratio is presently 57.94%.
In other Texas Instruments news, insider Stephen A. Anderson sold 25,318 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $111.55, for a total transaction of $2,824,222.90. Following the completion of the sale, the insider now directly owns 131,153 shares in the company, valued at $14,630,117.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.84% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kiley Juergens Wealth Management LLC acquired a new stake in Texas Instruments in the second quarter valued at $100,000. Centaurus Financial Inc. acquired a new stake in Texas Instruments in the second quarter valued at $101,000. Baker Ellis Asset Management LLC acquired a new stake in Texas Instruments in the second quarter valued at $105,000. Kwmg LLC acquired a new stake in Texas Instruments in the second quarter valued at $107,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Texas Instruments during the 3rd quarter worth about $107,000. Institutional investors and hedge funds own 84.23% of the company’s stock.
Texas Instruments Company Profile
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, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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