Texas Instruments’ (TXN) “Market Perform” Rating Reaffirmed at Oppenheimer

Oppenheimer reaffirmed their market perform rating on shares of Texas Instruments (NASDAQ:TXN) in a research note published on Wednesday, Benzinga reports.

Several other analysts have also recently issued reports on the stock. Mizuho upped their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the company a neutral rating in a report on Wednesday. KeyCorp increased their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a report on Wednesday, January 24th. Evercore ISI started coverage on shares of Texas Instruments in a report on Tuesday, April 16th. They issued an outperform rating and a $213.00 price objective on the stock. Cantor Fitzgerald increased their target price on shares of Texas Instruments from $170.00 to $180.00 and gave the company a neutral rating in a research report on Monday, April 8th. Finally, Rosenblatt Securities restated a buy rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average price target of $180.74.

Texas Instruments Price Performance

TXN opened at $177.48 on Wednesday. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $188.12. The company has a 50 day moving average of $169.29 and a two-hundred day moving average of $162.25. The company has a market cap of $161.59 billion, a P/E ratio of 27.69, a P/E/G ratio of 3.75 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 earnings per share. On average, analysts expect that Texas Instruments will post 5.2 earnings per share for the current year.

Texas Instruments Announces Dividend

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

Insider Transactions at Texas Instruments

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

Hedge Funds Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Riverwater Partners LLC bought a new position in Texas Instruments during the first quarter valued at approximately $434,000. James Hambro & Partners raised its position in Texas Instruments by 7.2% during the first quarter. James Hambro & Partners now owns 480,658 shares of the semiconductor company’s stock valued at $83,702,000 after acquiring an additional 32,193 shares in the last quarter. Conning Inc. raised its position in Texas Instruments by 3.3% during the first quarter. Conning Inc. now owns 223,752 shares of the semiconductor company’s stock valued at $38,905,000 after acquiring an additional 7,067 shares in the last quarter. Finer Wealth Management Inc. raised its position in Texas Instruments by 75.8% during the first quarter. Finer Wealth Management Inc. now owns 4,264 shares of the semiconductor company’s stock valued at $743,000 after acquiring an additional 1,839 shares in the last quarter. Finally, BLB&B Advisors LLC raised its position in Texas Instruments by 2.5% during the first quarter. BLB&B Advisors LLC now owns 4,404 shares of the semiconductor company’s stock valued at $767,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

About Texas Instruments

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.