Stifel Nicolaus reaffirmed their hold rating on shares of Texas Instruments Incorporated (NASDAQ:TXN) in a report published on Wednesday, October 25th, Marketbeat.com reports. They currently have a $98.00 price target on the semiconductor company’s stock, up from their prior price target of $85.00.
A number of other equities analysts have also commented on TXN. B. Riley reissued a neutral rating and issued a $89.00 price objective on shares of Texas Instruments in a research note on Monday, July 31st. Sanford C. Bernstein restated an outperform rating and set a $95.00 target price on shares of Texas Instruments in a research report on Tuesday, September 26th. Jefferies Group LLC restated a buy rating and set a $96.00 target price on shares of Texas Instruments in a research report on Monday, September 25th. SunTrust Banks, Inc. restated a hold rating and set a $86.00 target price (up previously from $84.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Finally, Loop Capital restated a hold rating and set a $102.00 target price (up previously from $90.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $93.85.
Texas Instruments (NASDAQ:TXN) opened at $96.94 on Wednesday. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $95,648.66, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.34 and a beta of 1.28. Texas Instruments has a 1 year low of $69.00 and a 1 year high of $99.05.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.14. The business had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. Texas Instruments’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share. equities analysts anticipate that Texas Instruments will post 4.33 earnings per share for the current year.
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Texas Instruments announced that its board has authorized a stock buyback plan on Thursday, September 21st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 74% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.62 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, October 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.56%. Texas Instruments’s dividend payout ratio (DPR) is 57.94%.
In other Texas Instruments news, insider Ellen Barker sold 15,000 shares of Texas Instruments stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $81.87, for a total transaction of $1,228,050.00. Following the transaction, the insider now directly owns 45,697 shares of the company’s stock, valued at approximately $3,741,213.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 450,000 shares of Texas Instruments stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $96.51, for a total value of $43,429,500.00. Following the transaction, the chairman now directly owns 1,137,056 shares in the company, valued at $109,737,274.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,482,689 shares of company stock worth $141,615,432. 0.96% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of TXN. BlackRock Inc. raised its position in shares of Texas Instruments by 1,924.6% in the 1st quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock worth $5,213,733,000 after acquiring an additional 61,521,990 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Texas Instruments by 729.1% in the 2nd quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock worth $955,996,000 after acquiring an additional 10,928,410 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Texas Instruments by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock worth $6,416,325,000 after acquiring an additional 3,551,400 shares in the last quarter. Waddell & Reed Financial Inc. raised its position in shares of Texas Instruments by 476.4% in the 1st quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock worth $160,205,000 after acquiring an additional 1,643,640 shares in the last quarter. Finally, Koch Industries Inc. raised its position in shares of Texas Instruments by 36,796.2% in the 2nd quarter. Koch Industries Inc. now owns 1,359,255 shares of the semiconductor company’s stock worth $1,342,000 after acquiring an additional 1,355,571 shares in the last quarter. 83.87% of the stock is owned by hedge funds and other institutional investors.
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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