Texas Instruments Incorporated (NASDAQ:TXN) Given Average Rating of "Hold" by Brokerages

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-six ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $189.41.

A number of research firms recently commented on TXN. Benchmark decreased their target price on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company reduced their price objective on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Citigroup reduced their price objective on Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Seaport Res Ptn raised Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded up $2.09 during mid-day trading on Friday, reaching $189.43. The stock had a trading volume of 2,205,100 shares, compared to its average volume of 6,282,774. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The company has a market cap of $172.09 billion, a P/E ratio of 36.55, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Texas Instruments has a 1 year low of $139.95 and a 1 year high of $220.39. The business's 50 day moving average price is $167.04 and its 200 day moving average price is $184.86.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. Research analysts expect that Texas Instruments will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.87%. Texas Instruments's dividend payout ratio is currently 103.23%.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. This represents a 19.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 297,065 shares of company stock valued at $59,734,685. 0.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

Institutional investors and hedge funds have recently modified their holdings of the business. Promus Capital LLC purchased a new stake in Texas Instruments during the 4th quarter worth approximately $25,000. Financial Life Planners purchased a new position in Texas Instruments in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments in the 4th quarter valued at $27,000. Summit Securities Group LLC purchased a new position in Texas Instruments in the 4th quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments in the 4th quarter valued at $28,000. Hedge funds and other 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.