Texas Instruments’ (TXN) “Buy” Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has a $210.00 price target on the semiconductor company’s stock.

Several other analysts also recently issued reports on the company. Cantor Fitzgerald upped their price target on Texas Instruments from $170.00 to $180.00 and gave the stock a neutral rating in a research note on Monday, April 8th. UBS Group upgraded Texas Instruments from a neutral rating to a buy rating and increased their target price for the company from $170.00 to $195.00 in a research note on Friday, January 19th. Barclays decreased their target price on Texas Instruments from $160.00 to $150.00 and set an equal weight rating for the company in a research note on Wednesday, January 24th. Stifel Nicolaus increased their target price on Texas Instruments from $160.00 to $172.00 and gave the company a hold rating in a research note on Wednesday. Finally, Morgan Stanley increased their target price on Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $180.74.

Texas Instruments Stock Performance

TXN opened at $177.48 on Wednesday. The company has a market cap of $161.59 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.75 and a beta of 1.04. The stock has a 50-day moving average of $169.29 and a 200-day moving average of $162.25. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.85 EPS. As a group, equities research analysts forecast that Texas Instruments will post 5.2 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.93%. Texas Instruments’s payout ratio is presently 81.12%.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Instruments

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments during the 4th quarter valued at $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments during the 4th quarter valued at $26,000. Richardson Financial Services Inc. acquired a new stake in Texas Instruments during the 4th quarter valued at $26,000. Scarborough Advisors LLC acquired a new stake in Texas Instruments during the 4th quarter valued at $26,000. Finally, Annapolis Financial Services LLC increased its holdings in Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. 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.