Texas Instruments (NASDAQ:TXN) Reaches New 12-Month High – Here’s What Happened

Texas Instruments Incorporated (NASDAQ:TXN) hit a new 52-week high on Wednesday . The stock traded as high as $215.08 and last traded at $214.72, with a volume of 4146443 shares trading hands. The stock had previously closed at $202.46.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TXN shares. Truist Financial reduced their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group boosted their target price on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Barclays reduced their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Three investment 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. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $206.95.

Texas Instruments Price Performance

The business has a 50-day simple moving average of $203.70 and a 200 day simple moving average of $197.75. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The firm has a market cap of $196.10 billion, a P/E ratio of 39.96, a price-to-earnings-growth ratio of 4.45 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the business earned $1.80 EPS. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders 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 of this dividend is Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.53%. Texas Instruments’s dividend payout ratio is 101.12%.

Insider Buying and Selling

In related news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares in the company, valued at $5,037,237.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $5,341,235 in the last 90 days. Insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

Several institutional investors have recently added to or reduced their stakes in the business. KCM Investment Advisors LLC boosted its stake in Texas Instruments by 1.4% during the 3rd quarter. KCM Investment Advisors LLC now owns 3,574 shares of the semiconductor company’s stock valued at $738,000 after purchasing an additional 50 shares during the last quarter. Investment Advisory Services Inc. TX ADV lifted its holdings in shares of Texas Instruments by 1.6% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after buying an additional 51 shares during the period. Lansing Street Advisors lifted its holdings in shares of Texas Instruments by 4.7% during the 3rd quarter. Lansing Street Advisors now owns 1,127 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 51 shares during the period. NorthCrest Asset Manangement LLC lifted its holdings in shares of Texas Instruments by 1.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock valued at $1,030,000 after buying an additional 52 shares during the period. Finally, ABLE Financial Group LLC lifted its holdings in shares of Texas Instruments by 2.9% during the 3rd quarter. ABLE Financial Group LLC now owns 1,818 shares of the semiconductor company’s stock valued at $376,000 after buying an additional 52 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Company Profile

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.