Texas Instruments Incorporated (NASDAQ:TXN) Given Consensus Rating of “Hold” by Analysts

Shares of Texas Instruments Incorporated (NASDAQ:TXN) have received a consensus rating of “Hold” from the twenty-two analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $209.20.

Several equities research analysts have commented on TXN shares. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Truist Financial dropped their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Barclays cut their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th.

Texas Instruments Price Performance

NASDAQ TXN opened at $196.02 on Monday. The company has a market cap of $178.44 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Texas Instruments has a 52 week low of $159.11 and a 52 week high of $220.38. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm’s 50-day simple moving average is $189.49 and its two-hundred day simple moving average is $197.68.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data 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 net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the firm earned $1.49 EPS. Research analysts predict that Texas Instruments will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.78%. Texas Instruments’s payout ratio is 104.82%.

Insiders Place Their Bets

In other news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 over the last quarter. 0.68% of the stock is owned by corporate insiders.

Institutional Trading of Texas Instruments

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Texas Instruments during the 4th quarter valued at $2,584,490,000. Assenagon Asset Management S.A. boosted its position in Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock valued at $899,044,000 after buying an additional 4,337,295 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after buying an additional 2,237,035 shares during the period. Invesco Ltd. boosted its position in Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock valued at $2,230,086,000 after buying an additional 1,587,036 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Texas Instruments during the 4th quarter valued at $295,665,000. Institutional investors own 84.99% of the company’s stock.

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.