Texas Instruments (NASDAQ:TXN) Research Coverage Started at Evercore ISI

Evercore ISI assumed coverage on shares of Texas Instruments (NASDAQ:TXN - Free Report) in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $213.00 target price on the semiconductor company's stock.

Other equities analysts also recently issued research reports about the company. KeyCorp increased their price objective on Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a report on Wednesday, January 24th. Morgan Stanley increased their price objective on Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a report on Wednesday, January 24th. Rosenblatt Securities reiterated a buy rating and issued a $190.00 price objective on shares of Texas Instruments in a report on Tuesday, January 23rd. Mizuho decreased their price objective on Texas Instruments from $170.00 to $164.00 and set a neutral rating for the company in a report on Wednesday, January 24th. Finally, Barclays cut their target price on Texas Instruments from $160.00 to $150.00 and set an equal weight rating on the stock in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Texas Instruments currently has an average rating of Hold and an average target price of $176.68.

Texas Instruments Trading Up 0.7 %

Shares of Texas Instruments stock traded up $1.24 during midday trading on Tuesday, reaching $167.59. 3,389,018 shares of the company's stock traded hands, compared to its average volume of 5,484,493. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The company has a market cap of $152.52 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 3.58 and a beta of 1.04. The stock has a 50 day moving average of $167.95 and a 200-day moving average of $161.68. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $188.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.03. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The firm's revenue for the quarter was down 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 earnings per share. As a group, equities analysts expect that Texas Instruments will post 5.16 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were issued a $1.30 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 annualized dividend and a yield of 3.10%. Texas Instruments's payout ratio is 73.65%.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Instruments

A number of large investors have recently made changes to their positions in the company. MCF Advisors LLC lifted its position in shares of Texas Instruments by 6.9% during the 1st quarter. MCF Advisors LLC now owns 4,436 shares of the semiconductor company's stock valued at $773,000 after buying an additional 288 shares in the last quarter. Avity Investment Management Inc. lifted its position in shares of Texas Instruments by 16.7% during the 1st quarter. Avity Investment Management Inc. now owns 199,926 shares of the semiconductor company's stock valued at $34,829,000 after buying an additional 28,597 shares in the last quarter. Independence Bank of Kentucky lifted its position in shares of Texas Instruments by 45.1% during the 1st quarter. Independence Bank of Kentucky now owns 4,015 shares of the semiconductor company's stock valued at $699,000 after buying an additional 1,247 shares in the last quarter. Norris Perne & French LLP MI lifted its position in shares of Texas Instruments by 0.8% during the 1st quarter. Norris Perne & French LLP MI now owns 107,600 shares of the semiconductor company's stock valued at $18,745,000 after buying an additional 885 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. lifted its position in shares of Texas Instruments by 5.4% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 3,257 shares of the semiconductor company's stock valued at $542,000 after buying an additional 166 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

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.