Texas Instruments Incorporated (NASDAQ:TXN) had its price objective lowered by Barclays PLC from $78.00 to $83.00 in a research report released on Wednesday.

Several other brokerages also recently commented on TXN. Deutsche Bank AG reissued a hold rating and issued a $75.00 price objective (up from $73.00) on shares of Texas Instruments in a research note on Saturday, April 29th. Vetr raised Texas Instruments from a buy rating to a strong-buy rating and set a $89.16 price objective for the company in a research note on Tuesday, April 11th. Royal Bank Of Canada reissued an outperform rating and issued a $84.00 price objective on shares of Texas Instruments in a research note on Tuesday, April 25th. Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $90.00 price objective on shares of Texas Instruments in a research note on Tuesday, April 25th. Finally, Rosenblatt Securities reissued a buy rating and issued a $90.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $85.96.

Texas Instruments (NASDAQ TXN) opened at 80.71 on Wednesday. Texas Instruments has a 12-month low of $66.30 and a 12-month high of $84.65. The company’s 50 day moving average price is $79.88 and its 200-day moving average price is $79.21. The company has a market capitalization of $80.04 billion, a P/E ratio of 20.06 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the business earned $0.76 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts forecast that Texas Instruments will post $4.11 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, July 27th. Texas Instruments’s dividend payout ratio is presently 50.51%.

In other news, insider Niels Anderskouv sold 32,420 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $80.61, for a total value of $2,613,376.20. Following the completion of the transaction, the insider now directly owns 102,028 shares of the company’s stock, valued at $8,224,477.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. First Manhattan Co. raised its position in shares of Texas Instruments by 2.3% in the second quarter. First Manhattan Co. now owns 29,166 shares of the semiconductor company’s stock valued at $2,243,000 after buying an additional 645 shares during the period. Enterprise Financial Services Corp raised its position in shares of Texas Instruments by 0.3% in the second quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 4 shares during the period. Markel Corp raised its position in shares of Texas Instruments by 5.1% in the second quarter. Markel Corp now owns 498,000 shares of the semiconductor company’s stock valued at $38,311,000 after buying an additional 24,000 shares during the period. Gamble Jones Investment Counsel raised its position in shares of Texas Instruments by 2.5% in the second quarter. Gamble Jones Investment Counsel now owns 151,851 shares of the semiconductor company’s stock valued at $11,682,000 after buying an additional 3,770 shares during the period. Finally, Ronald Blue & Co. LLC raised its position in shares of Texas Instruments by 2.4% in the second quarter. Ronald Blue & Co. LLC now owns 3,652 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 87 shares during the period. 84.64% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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