Texas Instruments (NASDAQ:TXN - Free Report) had its price target decreased by TD Cowen from $245.00 to $230.00 in a report issued on Wednesday, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the semiconductor company's stock.
TXN has been the topic of several other research reports. Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Arete Research upgraded shares of Texas Instruments to a "hold" rating in a report on Thursday, June 26th. Sanford C. Bernstein upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Cowen restated a "hold" rating on shares of Texas Instruments in a report on Wednesday, June 25th. Finally, Truist Financial cut their price target on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $209.20.
Read Our Latest Research Report on TXN
Texas Instruments Trading Down 0.3%
Shares of Texas Instruments stock traded down $0.56 during mid-day trading on Wednesday, hitting $185.69. 9,036,559 shares of the stock were exchanged, compared to its average volume of 7,393,341. Texas Instruments has a twelve month low of $139.95 and a twelve month high of $221.69. The stock has a market capitalization of $168.69 billion, a price-to-earnings ratio of 34.01, a price-to-earnings-growth ratio of 3.50 and a beta of 1.03. The company has a 50-day simple moving average of $200.41 and a 200 day simple moving average of $185.61. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78.
Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 29.90%. The company had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. During the same period last year, the company earned $1.17 EPS. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. Research analysts forecast that Texas Instruments will post 5.35 EPS for the current year.
Texas Instruments Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Thursday, July 31st will be paid a $1.36 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.93%. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.
Institutional Trading of Texas Instruments
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fulcrum Capital LLC boosted its holdings in Texas Instruments by 14.3% in the second quarter. Fulcrum Capital LLC now owns 1,933 shares of the semiconductor company's stock worth $401,000 after purchasing an additional 242 shares during the period. Drucker Wealth 3.0 LLC boosted its holdings in Texas Instruments by 12.2% in the second quarter. Drucker Wealth 3.0 LLC now owns 14,069 shares of the semiconductor company's stock worth $3,044,000 after purchasing an additional 1,526 shares during the period. Lmcg Investments LLC boosted its holdings in Texas Instruments by 2.4% in the second quarter. Lmcg Investments LLC now owns 4,228 shares of the semiconductor company's stock worth $878,000 after purchasing an additional 100 shares during the period. Agate Pass Investment Management LLC boosted its holdings in Texas Instruments by 19.0% in the second quarter. Agate Pass Investment Management LLC now owns 14,072 shares of the semiconductor company's stock worth $2,922,000 after purchasing an additional 2,244 shares during the period. Finally, JFS Wealth Advisors LLC boosted its holdings in Texas Instruments by 2.1% in the second quarter. JFS Wealth Advisors LLC now owns 4,203 shares of the semiconductor company's stock worth $873,000 after purchasing an additional 88 shares during the period. Institutional investors own 84.99% of the company's stock.
About Texas Instruments
(
Get Free Report)
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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