News headlines about Texas Instruments (NASDAQ:TXN) have trended somewhat positive this week, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Texas Instruments earned a media sentiment score of 1.00 on their scale. InfoTrie also gave news coverage about the semiconductor company an news buzz score of 6 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Texas Instruments’ score:
Shares of TXN stock traded up $0.06 during trading hours on Wednesday, reaching $97.20. 5,454,608 shares of the company’s stock were exchanged, compared to its average volume of 5,861,835. The company has a market cap of $92.42 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 1.85 and a beta of 1.28. Texas Instruments has a 1 year low of $87.90 and a 1 year high of $120.75. The company has a current ratio of 3.97, a quick ratio of 3.09 and a debt-to-equity ratio of 0.41.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.30 billion. Texas Instruments had a return on equity of 50.03% and a net margin of 29.62%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. On average, equities analysts forecast that Texas Instruments will post 5.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Wednesday, October 31st will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.17%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, October 30th. Texas Instruments’s dividend payout ratio is 71.96%.
Texas Instruments declared that its Board of Directors has initiated a share repurchase program on Thursday, September 20th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the semiconductor company to repurchase up to 11.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. B. Riley upped their target price on Texas Instruments from $115.00 to $123.00 and gave the company a “neutral” rating in a research report on Wednesday, July 25th. Atlantic Securities initiated coverage on Texas Instruments in a research note on Tuesday, July 10th. They set an “overweight” rating and a $130.00 price objective for the company. Sanford C. Bernstein reaffirmed a “buy” rating and set a $115.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 24th. Finally, UBS Group set a $93.00 price objective on Texas Instruments and gave the company a “sell” rating in a research note on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $117.11.
In other news, Director Martin S. Craighead acquired 10,900 shares of the company’s stock in a transaction that occurred on Thursday, October 25th. The stock was purchased at an average cost of $91.70 per share, with a total value of $999,530.00. Following the purchase, the director now directly owns 13,100 shares of the company’s stock, valued at approximately $1,201,270. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kyle M. Flessner sold 16,088 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $94.00, for a total value of $1,512,272.00. Following the completion of the transaction, the insider now directly owns 43,270 shares of the company’s stock, valued at $4,067,380. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.
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About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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