Texas Instruments Inc. (TXN) Receives $71.07 Consensus PT from Brokerages
Shares of Texas Instruments Inc. (NASDAQ:TXN) have earned a consensus rating of “Hold” from the twenty-nine ratings firms that are covering the firm. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $71.07.
TXN has been the topic of a number of research analyst reports. Zacks Investment Research lowered Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, October 19th. B. Riley raised Texas Instruments from a “neutral” rating to a “buy” rating in a report on Friday, September 30th. Royal Bank Of Canada lifted their target price on Texas Instruments from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd. Robert W. Baird raised Texas Instruments from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $70.00 to $80.00 in a report on Wednesday, September 14th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $80.00 target price on shares of Texas Instruments in a report on Tuesday, August 30th.
In related news, insider Brian T. Crutcher sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $70.69, for a total value of $1,060,350.00. Following the sale, the insider now owns 309,250 shares of the company’s stock, valued at approximately $21,860,882.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.02% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the company. FirstMerit Bank N A Trustee raised its position in Texas Instruments by 7.2% in the second quarter. FirstMerit Bank N A Trustee now owns 71,411 shares of the company’s stock worth $4,474,000 after buying an additional 4,780 shares in the last quarter. Central Bank & Trust Co. raised its position in Texas Instruments by 2.3% in the second quarter. Central Bank & Trust Co. now owns 4,892 shares of the company’s stock worth $306,000 after buying an additional 111 shares in the last quarter. Hollencrest Securities LLC raised its position in Texas Instruments by 6.9% in the second quarter. Hollencrest Securities LLC now owns 5,023 shares of the company’s stock worth $314,000 after buying an additional 323 shares in the last quarter. Alpha Windward LLC raised its position in Texas Instruments by 8.6% in the second quarter. Alpha Windward LLC now owns 4,776 shares of the company’s stock worth $299,000 after buying an additional 377 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its position in Texas Instruments by 1.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 862,661 shares of the company’s stock worth $54,046,000 after buying an additional 10,303 shares in the last quarter. 85.07% of the stock is currently owned by institutional investors.
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Texas Instruments (NASDAQ:TXN) opened at 73.93 on Monday. The stock has a market capitalization of $73.89 billion, a price-to-earnings ratio of 23.47 and a beta of 1.28. Texas Instruments has a one year low of $46.73 and a one year high of $74.89. The stock’s 50 day moving average is $70.48 and its 200 day moving average is $66.98.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.08. The company had revenue of $3.68 billion for the quarter. Texas Instruments had a return on equity of 31.60% and a net margin of 24.73%. Texas Instruments’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business posted $0.76 earnings per share. On average, equities analysts forecast that Texas Instruments will post $3.16 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 7th were paid a $0.50 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $2.00 annualized dividend and a yield of 2.71%. Texas Instruments’s payout ratio is currently 63.49%.
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. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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