News stories about Texas Instruments (NASDAQ:TXN) have been trending somewhat positive on Saturday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Texas Instruments earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.1705349481984 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
Shares of Texas Instruments (NASDAQ TXN) traded down $0.11 on Friday, hitting $96.94. 3,416,600 shares of the company were exchanged, compared to its average volume of 4,627,588. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96. Texas Instruments has a 12-month low of $69.00 and a 12-month high of $99.05. The stock has a market capitalization of $95,648.66, a price-to-earnings ratio of 23.90, a P/E/G ratio of 2.34 and a beta of 1.28.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 earnings per share. equities analysts anticipate that Texas Instruments will post 4.33 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st will be paid a $0.62 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Monday, October 30th. Texas Instruments’s dividend payout ratio is currently 57.94%.
Texas Instruments announced that its board has approved a share repurchase plan on Thursday, September 21st that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor company to buy up to 74% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
A number of analysts have recently issued reports on the stock. Mizuho reaffirmed a “hold” rating on shares of Texas Instruments in a research note on Wednesday, October 25th. BMO Capital Markets reiterated a “buy” rating and set a $105.00 price target on shares of Texas Instruments in a research report on Wednesday, October 25th. Deutsche Bank AG upped their price objective on shares of Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Bank of America Corporation increased their price target on shares of Texas Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Nomura increased their price target on shares of Texas Instruments from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $93.85.
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In other news, VP R Gregory Delagi sold 61,250 shares of Texas Instruments stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $96.75, for a total transaction of $5,925,937.50. Following the completion of the transaction, the vice president now owns 189,234 shares of the company’s stock, valued at approximately $18,308,389.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard K. Templeton sold 190,000 shares of Texas Instruments stock in a transaction on Friday, October 27th. The stock was sold at an average price of $96.88, for a total value of $18,407,200.00. Following the transaction, the chief executive officer now directly owns 1,137,056 shares of the company’s stock, valued at approximately $110,157,985.28. The disclosure for this sale can be found here. In the last three months, insiders sold 1,482,689 shares of company stock valued at $141,615,432. 0.96% of the stock is owned by corporate insiders.
Texas Instruments Company Profile
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. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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