Texas Instruments (NASDAQ:TXN) Receives New Coverage from Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Texas Instruments (NASDAQ:TXNFree Report) in a research report report published on Thursday, MarketBeat.com reports. The brokerage issued an underweight rating and a $150.00 price objective on the semiconductor company’s stock.

Several other research firms also recently commented on TXN. Truist Financial upped their price objective on shares of Texas Instruments from $165.00 to $167.00 and gave the company a hold rating in a report on Wednesday, April 24th. Benchmark restated a buy rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. UBS Group raised Texas Instruments from a neutral rating to a buy rating and upped their target price for the company from $170.00 to $195.00 in a research report on Friday, January 19th. KeyCorp lifted their price target on Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a report on Wednesday, January 24th. Finally, Morgan Stanley upped their price objective on Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a report on Wednesday, January 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $180.57.

Get Our Latest Report on TXN

Texas Instruments Stock Performance

Shares of TXN opened at $195.02 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The firm has a 50-day moving average of $174.52 and a 200-day moving average of $166.20. The company has a market cap of $177.56 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 4.19 and a beta of 1.01. Texas Instruments has a one year low of $139.48 and a one year high of $196.55.

Texas Instruments (NASDAQ:TXNGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the company earned $1.85 earnings per share. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, equities analysts forecast that Texas Instruments will post 5.17 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Buying and Selling

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock worth $58,427,984 in the last three months. 0.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Instruments

Hedge funds have recently modified their holdings of the business. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments during the 4th quarter worth $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments during the fourth quarter worth about $26,000. Scarborough Advisors LLC acquired a new position in shares of Texas Instruments in the fourth quarter worth approximately $26,000. Finally, Briaud Financial Planning Inc bought a new stake in Texas Instruments in the third quarter valued at approximately $25,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

About Texas Instruments

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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.

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