Texas Instruments Incorporated (NASDAQ:TXN) Receives Average Rating of “Hold” from Brokerages

Shares of Texas Instruments Incorporated (NASDAQ:TXN) have earned an average rating of “Hold” from the twenty-two analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $209.20.

TXN has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Mizuho decreased their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, January 24th.

Texas Instruments Price Performance

NASDAQ:TXN opened at $196.02 on Monday. Texas Instruments has a 52 week low of $159.11 and a 52 week high of $220.38. The firm has a market cap of $178.44 billion, a price-to-earnings ratio of 37.77, a P/E/G ratio of 3.30 and a beta of 0.97. The firm’s 50-day simple moving average is $189.49 and its 200 day simple moving average is $197.68. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter last year, the business earned $1.49 EPS. As a group, sell-side analysts predict that Texas Instruments will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.78%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Buying and Selling at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. This represents a 19.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.68% of the stock is owned by corporate insiders.

Institutional Trading of Texas Instruments

Institutional investors have recently made changes to their positions in the company. Howard Capital Management Group LLC purchased a new position in shares of Texas Instruments in the 3rd quarter worth about $202,000. Dakota Wealth Management boosted its holdings in shares of Texas Instruments by 1.1% in the 3rd quarter. Dakota Wealth Management now owns 10,984 shares of the semiconductor company’s stock worth $2,269,000 after buying an additional 115 shares during the last quarter. Trueblood Wealth Management LLC purchased a new position in shares of Texas Instruments in the 3rd quarter worth about $209,000. NorthCrest Asset Manangement LLC boosted its holdings in shares of Texas Instruments by 1.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,985 shares of the semiconductor company’s stock worth $1,030,000 after buying an additional 52 shares during the last quarter. Finally, PFG Investments LLC boosted its holdings in shares of Texas Instruments by 6.0% in the 3rd quarter. PFG Investments LLC now owns 5,322 shares of the semiconductor company’s stock worth $1,099,000 after buying an additional 300 shares during 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.