Texas Instruments (NASDAQ:TXN) Earns “Buy” Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a research report sent to investors on Wednesday, Benzinga reports. They currently have a $210.00 price target on the semiconductor company’s stock.

TXN has been the topic of a number of other research reports. Rosenblatt Securities reiterated a buy rating and set a $210.00 price target on shares of Texas Instruments in a report on Wednesday. Mizuho lifted their price target on Texas Instruments from $164.00 to $170.00 and gave the company a neutral rating in a report on Wednesday. TD Cowen lifted their price target on Texas Instruments from $160.00 to $175.00 and gave the company a hold rating in a report on Wednesday. Evercore ISI began coverage on Texas Instruments in a report on Tuesday, April 16th. They set an outperform rating and a $213.00 price target on the stock. Finally, Oppenheimer reiterated a market perform rating on shares of Texas Instruments in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments has a consensus rating of Hold and a consensus price target of $180.74.

Texas Instruments Stock Up 1.3 %

Shares of Texas Instruments stock opened at $177.48 on Wednesday. The stock’s fifty day moving average is $169.29 and its 200-day moving average is $162.22. The firm has a market capitalization of $161.52 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the firm earned $1.85 earnings per share. Texas Instruments’s revenue for the quarter was down 16.4% compared to the same quarter last year. Equities analysts anticipate that Texas Instruments will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.93%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Instruments

Large investors have recently made changes to their positions in the business. Founders Financial Securities LLC raised its holdings in Texas Instruments by 4.5% in the 3rd quarter. Founders Financial Securities LLC now owns 3,483 shares of the semiconductor company’s stock valued at $554,000 after acquiring an additional 150 shares in the last quarter. Meridian Wealth Management LLC raised its holdings in Texas Instruments by 4.5% in the 3rd quarter. Meridian Wealth Management LLC now owns 4,762 shares of the semiconductor company’s stock valued at $757,000 after acquiring an additional 207 shares in the last quarter. Private Trust Co. NA raised its holdings in Texas Instruments by 1.1% in the 3rd quarter. Private Trust Co. NA now owns 7,976 shares of the semiconductor company’s stock valued at $1,268,000 after acquiring an additional 87 shares in the last quarter. Boston Trust Walden Corp raised its holdings in Texas Instruments by 38.2% in the 3rd quarter. Boston Trust Walden Corp now owns 54,143 shares of the semiconductor company’s stock valued at $8,609,000 after acquiring an additional 14,965 shares in the last quarter. Finally, Capital Asset Advisory Services LLC raised its holdings in Texas Instruments by 4.7% in the 3rd quarter. Capital Asset Advisory Services LLC now owns 1,659 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.