Texas Instruments (NASDAQ:TXN) Receives Buy Rating from Benchmark

Benchmark restated their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a research report report published on Friday morning,Benzinga reports. They currently have a $230.00 price target on the semiconductor company’s stock.

Several other analysts have also recently commented on TXN. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday. Susquehanna cut their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Evercore ISI increased their price target on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Barclays reduced their price target on shares of 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, Morgan Stanley boosted their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Performance

TXN stock opened at $185.52 on Friday. The firm has a market cap of $169.24 billion, a P/E ratio of 34.48, a P/E/G ratio of 3.84 and a beta of 0.98. Texas Instruments has a 12-month low of $155.46 and a 12-month high of $220.38. The stock’s 50 day simple moving average is $193.69 and its 200 day simple moving average is $199.57. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same quarter last year, the firm earned $1.49 earnings per share. As a group, equities research analysts predict that Texas Instruments will post 5.08 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.93%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MidAtlantic Capital Management Inc. acquired a new position in Texas Instruments during the 3rd quarter valued at $28,000. Financial Life Planners acquired a new position in shares of Texas Instruments during the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $27,000. Tsfg LLC grew its position in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Texas Instruments during the third quarter worth about $39,000. 84.99% of the stock is owned by institutional investors and hedge funds.

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.