Texas Instruments (NASDAQ:TXN) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Texas Instruments (NASDAQ:TXN) in a research report sent to investors on Friday, MarketBeat.com reports. The brokerage issued an equal weight rating and a $215.00 target price on the semiconductor company’s stock.

Other research analysts have also recently issued reports about the company. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Bank of America cut their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Evercore ISI lifted their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Morgan Stanley raised their target price on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $210.05.

Texas Instruments Stock Down 0.1 %

Shares of TXN stock opened at $198.00 on Friday. The stock has a market cap of $180.62 billion, a P/E ratio of 36.80, a price-to-earnings-growth ratio of 4.33 and a beta of 0.99. Texas Instruments has a one year low of $151.27 and a one year high of $220.38. The stock has a fifty day moving average price of $204.45 and a 200 day moving average price of $200.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the business earned $1.80 earnings per share. Analysts predict that Texas Instruments will post 5.08 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is 101.12%.

Insider Activity

In other news, VP Mohammad Yunus sold 3,778 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The trade was a 11.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,968 shares of company stock worth $3,126,464 in the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Several institutional investors have recently bought and sold shares of the company. Anchor Investment Management LLC lifted its stake in Texas Instruments by 25.7% in the 3rd quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company’s stock valued at $2,403,000 after acquiring an additional 2,378 shares in the last quarter. Invst LLC acquired a new position in shares of Texas Instruments during the 3rd quarter worth approximately $209,000. TCW Group Inc. increased its position in shares of Texas Instruments by 26.6% during the 3rd quarter. TCW Group Inc. now owns 48,440 shares of the semiconductor company’s stock worth $10,006,000 after purchasing an additional 10,189 shares during the last quarter. Soltis Investment Advisors LLC acquired a new position in shares of Texas Instruments during the 3rd quarter worth approximately $292,000. Finally, Rehmann Capital Advisory Group increased its position in shares of Texas Instruments by 5.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 4,451 shares of the semiconductor company’s stock worth $922,000 after purchasing an additional 221 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

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.