Texas Instruments Inc. (TXN) Receives $71.07 Consensus PT from Brokerages
Texas Instruments Inc. (NASDAQ:TXN) has been assigned a consensus recommendation of “Hold” from the twenty-nine analysts that are currently covering the company. Two investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $71.07.
TXN has been the subject of a number of analyst reports. B. Riley raised shares of Texas Instruments from a “neutral” rating to a “buy” rating in a research note on Friday, September 30th. Zacks Investment Research raised shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Friday, October 28th. Jefferies Group reaffirmed a “buy” rating and set a $82.00 target price (up previously from $79.00) on shares of Texas Instruments in a research note on Saturday, October 29th. Cowen and Company raised their price target on shares of Texas Instruments from $69.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, October 27th. Finally, Mizuho raised their price target on shares of Texas Instruments from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, October 27th.
Texas Instruments (NASDAQ:TXN) opened at 73.93 on Monday. The stock has a market cap of $73.89 billion, a P/E ratio of 23.47 and a beta of 1.28. Texas Instruments has a 1-year low of $46.73 and a 1-year high of $74.89. The company has a 50-day moving average price of $70.48 and a 200 day moving average price of $66.98.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, October 26th. The company reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.08. Texas Instruments had a net margin of 24.73% and a return on equity of 31.60%. The business earned $3.68 billion during the quarter. During the same period in the prior year, the business posted $0.76 EPS. Texas Instruments’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts expect that Texas Instruments will post $3.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $2.00 annualized dividend and a yield of 2.71%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.38. Texas Instruments’s payout ratio is presently 63.49%.
In other Texas Instruments news, insider Brian T. Crutcher sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $70.69, for a total value of $1,060,350.00. Following the sale, the insider now owns 309,250 shares in the company, valued at approximately $21,860,882.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.02% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in shares of Texas Instruments by 7.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,723 shares of the company’s stock valued at $108,000 after buying an additional 125 shares during the last quarter. Enterprise Financial Services Corp increased its stake in Texas Instruments by 6.4% in the third quarter. Enterprise Financial Services Corp now owns 1,571 shares of the company’s stock worth $110,000 after buying an additional 94 shares during the period. Baker Ellis Asset Management LLC acquired a new stake in Texas Instruments during the third quarter worth $112,000. Bartlett & Co. LLC increased its stake in Texas Instruments by 9.3% in the third quarter. Bartlett & Co. LLC now owns 1,641 shares of the company’s stock worth $115,000 after buying an additional 140 shares during the period. Finally, Hudock Capital Group LLC increased its stake in Texas Instruments by 0.4% in the second quarter. Hudock Capital Group LLC now owns 1,957 shares of the company’s stock worth $122,000 after buying an additional 7 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.
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About Texas Instruments
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. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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