Somewhat Positive News Coverage Somewhat Unlikely to Affect Texas Instruments (TXN) Stock Price
News articles about Texas Instruments (NASDAQ:TXN) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Texas Instruments earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 45.7739669434908 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s scoring:
- Swiveling Stocks: Pareteum Corporation, (NYSE: TEUM), Texas Instruments Incorporated, (NASDAQ: TXN), CH … – Stocks In The News (press release) (tradingnewsnow.com)
- 5 Strong Buy Stocks Bursting To New Highs (finance.yahoo.com)
- $3.74 Billion in Sales Expected for Texas Instruments Incorporated (TXN) This Quarter (americanbankingnews.com)
- Texas Instruments Incorporated (TXN) VP R Gregory Delagi Sells 61,250 Shares (americanbankingnews.com)
- Insider Selling: Texas Instruments Incorporated (TXN) SVP Sells 31,112 Shares of Stock (americanbankingnews.com)
A number of research analysts have recently issued reports on the stock. B. Riley reiterated a “neutral” rating and issued a $89.00 target price on shares of Texas Instruments in a research note on Monday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $95.00 target price on shares of Texas Instruments in a research note on Tuesday, September 26th. Loop Capital reiterated a “hold” rating and issued a $102.00 target price (up previously from $90.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $85.00 target price on shares of Texas Instruments in a research note on Wednesday, October 4th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and issued a $96.00 target price on shares of Texas Instruments in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $93.85.
Shares of Texas Instruments (TXN) opened at $98.40 on Wednesday. The company has a market cap of $96,950.00, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.36 and a beta of 1.28. Texas Instruments has a 52-week low of $67.60 and a 52-week high of $99.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate 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 net margin of 29.98% and a return on equity of 38.88%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. equities analysts predict that Texas Instruments will post 4.33 earnings per share for the current fiscal year.
Texas Instruments announced that its board has approved a stock repurchase plan on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 74% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 31st will be given a $0.62 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 annualized dividend and a yield of 2.52%. The ex-dividend date is Monday, October 30th. Texas Instruments’s payout ratio is currently 56.49%.
In related news, Chairman Richard K. Templeton sold 450,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $96.51, for a total value of $43,429,500.00. Following the sale, the chairman now directly owns 1,137,056 shares of the company’s stock, valued at approximately $109,737,274.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ellen Barker sold 15,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $81.87, for a total transaction of $1,228,050.00. Following the completion of the sale, the insider now directly owns 45,697 shares in the company, valued at $3,741,213.39. The disclosure for this sale can be found here. Insiders sold a total of 1,482,689 shares of company stock worth $141,615,432 over the last ninety days. 0.96% of the stock is currently owned by insiders.
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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