Texas Instruments (NASDAQ:TXN) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

Texas Instruments Incorporated (NASDAQ:TXN)’s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $279.80 and traded as high as $297.80. Texas Instruments shares last traded at $295.73, with a volume of 10,278,210 shares.

Analysts Set New Price Targets

A number of research firms have commented on TXN. Rosenblatt Securities raised their price objective on Texas Instruments from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Benchmark upped their target price on Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. DZ Bank raised Texas Instruments from a “sell” rating to a “hold” rating and set a $300.00 target price on the stock in a report on Wednesday, October 28th. Freedom Broker upgraded Texas Instruments from a “hold” rating to a “buy” rating and raised their price target for the stock from $260.00 to $330.00 in a research report on Thursday, October 22nd. Finally, Zacks Research upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $315.37.

Texas Instruments Stock Performance

The company has a debt-to-equity ratio of 0.67, a quick ratio of 4.05 and a current ratio of 5.59. The company has a market cap of $270.23 billion, a P/E ratio of 38.36, a P/E/G ratio of 1.54 and a beta of 1.39. The stock’s fifty day moving average price is $279.80 and its two-hundred day moving average price is $261.92.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.22. Texas Instruments had a net margin of 34.25% and a return on equity of 40.51%. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same period last year, the firm posted $1.48 earnings per share. The firm’s quarterly revenue was up 27.7% compared to the same quarter last year. As a group, equities analysts predict that Texas Instruments Incorporated will post 8.97 earnings per share for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 30th will be issued a $1.52 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s dividend payout ratio (DPR) is 78.86%.

Insider Buying and Selling

In other news, VP Tsedeniya Abraham sold 7,000 shares of Texas Instruments stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the transaction, the vice president owned 23,181 shares in the company, valued at approximately $6,134,388.03. This trade represents a 23.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Pamela Patsley sold 4,532 shares of the business’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $301.56, for a total value of $1,366,669.92. Following the transaction, the director directly owned 34,487 shares of the company’s stock, valued at $10,399,899.72. This trade represents a 11.61% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 27,968 shares of company stock worth $8,236,892. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TXN. MSH Capital Advisors LLC boosted its stake in shares of Texas Instruments by 4.0% in the 3rd quarter. MSH Capital Advisors LLC now owns 2,504 shares of the semiconductor company’s stock valued at $701,000 after purchasing an additional 96 shares in the last quarter. Cornerstone Advisory LLC increased its position in Texas Instruments by 10.0% during the 3rd quarter. Cornerstone Advisory LLC now owns 1,150 shares of the semiconductor company’s stock worth $322,000 after purchasing an additional 105 shares in the last quarter. Diversified Trust Co increased its position in Texas Instruments by 10.8% during the 3rd quarter. Diversified Trust Co now owns 19,948 shares of the semiconductor company’s stock worth $5,587,000 after purchasing an additional 1,949 shares in the last quarter. BankPlus Trust Department increased its position in Texas Instruments by 3.6% during the 3rd quarter. BankPlus Trust Department now owns 17,626 shares of the semiconductor company’s stock worth $4,937,000 after purchasing an additional 613 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its stake in Texas Instruments by 26.3% in the 3rd quarter. Moors & Cabot Inc. now owns 6,949 shares of the semiconductor company’s stock valued at $1,946,000 after purchasing an additional 1,448 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.

The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.