Morgan Stanley reaffirmed their equal weight rating on shares of Texas Instruments Incorporated (NASDAQ:TXN) in a research report report published on Wednesday, July 26th. They currently have a $83.00 price objective on the semiconductor company’s stock, up from their previous price objective of $78.00.
TXN has been the topic of a number of other reports. BMO Capital Markets reaffirmed a buy rating and set a $92.00 target price on shares of Texas Instruments in a research note on Monday, April 17th. B. Riley reaffirmed a neutral rating and set a $83.00 target price on shares of Texas Instruments in a research note on Wednesday, April 26th. Drexel Hamilton lifted their target price on shares of Texas Instruments from $93.00 to $95.00 and gave the stock a buy rating in a research note on Wednesday, July 26th. Jefferies Group LLC lifted their target price on shares of Texas Instruments from $88.00 to $94.00 and gave the stock a buy rating in a research note on Friday, April 28th. Finally, Barclays PLC dropped their price target on shares of Texas Instruments from $78.00 to $83.00 in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Texas Instruments presently has a consensus rating of Buy and an average price target of $85.96.
Shares of Texas Instruments (NASDAQ TXN) traded up 0.66% during midday trading on Wednesday, hitting $80.89. 3,426,144 shares of the stock were exchanged. The firm’s 50-day moving average is $80.24 and its 200-day moving average is $79.66. The stock has a market cap of $80.08 billion, a price-to-earnings ratio of 20.23 and a beta of 1.21. Texas Instruments has a 12 month low of $66.30 and a 12 month high of $84.65.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. Equities research analysts predict that Texas Instruments will post $4.13 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.47%. Texas Instruments’s dividend payout ratio (DPR) is presently 50.51%.
In related news, Director Robert E. Sanchez sold 26,905 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $81.48, for a total value of $2,192,219.40. Following the sale, the director now directly owns 27,565 shares of the company’s stock, valued at approximately $2,245,996.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the completion of the transaction, the director now owns 38,435 shares in the company, valued at $3,161,278.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,905 shares of company stock worth $7,398,219. 0.96% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Beacon Advisors Inc. purchased a new position in Texas Instruments during the first quarter worth about $101,000. Patriot Financial Group Insurance Agency LLC raised its position in Texas Instruments by 18.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after buying an additional 200 shares during the period. MV Capital Management Inc. raised its position in Texas Instruments by 7.6% in the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after buying an additional 93 shares during the period. ClariVest Asset Management LLC raised its position in Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after buying an additional 100 shares during the period. Finally, Balentine LLC raised its position in Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after buying an additional 80 shares during the period. Institutional investors own 84.64% of the company’s stock.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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