Texas Instruments (NASDAQ:TXN) Given “Buy” Rating at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a research note released on Monday morning, Benzinga reports. They currently have a $250.00 price target on the semiconductor company’s stock.

A number of other equities research analysts have also recently weighed in on TXN. JPMorgan Chase & Co. lifted their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the company an overweight rating in a research note on Wednesday, July 24th. Robert W. Baird boosted their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a neutral rating in a research report on Wednesday, July 24th. The Goldman Sachs Group boosted their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a sell rating in a research report on Wednesday, July 24th. Cantor Fitzgerald dropped their price target on shares of Texas Instruments from $210.00 to $200.00 and set a neutral rating on the stock in a research report on Tuesday, October 8th. Finally, KeyCorp boosted their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an overweight rating in a research report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $205.65.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $208.66 on Monday. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $214.66. The firm’s 50-day simple moving average is $202.48 and its 200 day simple moving average is $193.79. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The stock has a market cap of $189.98 billion, a P/E ratio of 32.55, a P/E/G ratio of 4.41 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the previous year, the business earned $1.87 earnings per share. The company’s revenue was down 15.6% on a year-over-year basis. Equities analysts expect that Texas Instruments will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.61%. The ex-dividend date is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 84.87%.

Insider Buying and Selling at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 in the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Instruments

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXN. Richardson Financial Services Inc. acquired a new stake in Texas Instruments in the 4th quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Westend Capital Management LLC acquired a new position in shares of Texas Instruments during the first quarter worth approximately $31,000. Norwood Financial Corp acquired a new position in shares of Texas Instruments during the first quarter worth approximately $32,000. Finally, Creekmur Asset Management LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $41,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.