Rosenblatt Securities Reaffirms “Buy” Rating for Texas Instruments (NASDAQ:TXN)

Rosenblatt Securities reiterated their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a research report sent to investors on Wednesday, Benzinga reports. The firm currently has a $250.00 price target on the semiconductor company’s stock.

TXN has been the subject of several other research reports. The Goldman Sachs Group increased their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Evercore ISI increased their price objective on shares of Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Cantor Fitzgerald lowered their price objective on shares of Texas Instruments from $210.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, October 8th. Truist Financial lowered their price objective on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $206.95.

Texas Instruments Price Performance

NASDAQ:TXN opened at $206.93 on Wednesday. The firm has a market cap of $188.41 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $214.66. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average is $203.52 and its two-hundred day moving average is $195.07.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.15%. The company’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.80 EPS. Research analysts expect that Texas Instruments will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. Texas Instruments’s payout ratio is 84.87%.

Insider Activity

In other news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors and hedge funds have recently bought and sold shares of TXN. AdvisorNet Financial Inc lifted its holdings in Texas Instruments by 58.6% in the 1st quarter. AdvisorNet Financial Inc now owns 1,718 shares of the semiconductor company’s stock valued at $299,000 after acquiring an additional 635 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in Texas Instruments in the 1st quarter valued at about $3,047,000. Sound Income Strategies LLC lifted its holdings in Texas Instruments by 21.8% in the 1st quarter. Sound Income Strategies LLC now owns 1,007 shares of the semiconductor company’s stock valued at $176,000 after acquiring an additional 180 shares during the last quarter. Brookstone Capital Management raised its holdings in Texas Instruments by 5.7% during the 1st quarter. Brookstone Capital Management now owns 17,642 shares of the semiconductor company’s stock worth $3,073,000 after buying an additional 955 shares during the period. Finally, Aspiriant LLC raised its holdings in Texas Instruments by 10.7% during the 1st quarter. Aspiriant LLC now owns 1,710 shares of the semiconductor company’s stock worth $298,000 after buying an additional 165 shares during the period. 84.99% of the stock is 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.