Several brokerages have updated their recommendations and price targets on shares of Texas Instruments (NASDAQ: TXN) in the last few weeks:

  • 9/27/2018 – Texas Instruments was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Texas Instruments is being impacted by increasing competition in the auto space and an unfavorable currency effect. Also high debt level remains a concern. Notably, the company has underperformed the industry it belongs to on a one year basis. However, the strength in automotive and industrial end-markets is a positive. The company continues to prudently invest its R&D dollars in several high margin, high-growth areas of the analog and embedded processing markets. This is gradually increasing its exposure to industrial and automotive markets, while reducing exposure to volatile consumer/computing markets. Margins are also expanding on a secular trend in these two markets. Further, growing 300-millimeter Analog output are aiding the company’s manufacturing efficiencies.”
  • 9/25/2018 – Texas Instruments is now covered by analysts at KeyCorp. They set a “sector weight” rating on the stock.
  • 9/22/2018 – Texas Instruments was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/18/2018 – Texas Instruments was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Texas Instruments is currently benefiting from its strength in automotive and industrial end-markets. The company continues to prudently invest its R&D dollars in several high margin, high-growth areas of the analog and embedded processing markets. This is gradually increasing its exposure to industrial and automotive markets, while reducing exposure to volatile consumer/computing markets. Margins are also expanding on a secular trend in these two markets. Further, growing 300-millimeter Analog output are aiding the company’s manufacturing efficiencies. Continous dividend hike is a big positive. However, increasing competition, unfavorable currency effect and a high debt load remain concerns. Notably, the company has underperformed the industry it belongs to on a one year basis.”
  • 9/14/2018 – Texas Instruments was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/10/2018 – Texas Instruments was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/2/2018 – Texas Instruments was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/2/2018 – Texas Instruments was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Texas Instruments stock opened at $107.29 on Friday. Texas Instruments Incorporated has a 1 year low of $88.35 and a 1 year high of $120.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.54 and a quick ratio of 5.12. The company has a market capitalization of $104.56 billion, a PE ratio of 25.07, a PEG ratio of 2.06 and a beta of 1.18.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.03. Texas Instruments had a return on equity of 46.80% and a net margin of 28.08%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. sell-side analysts predict that Texas Instruments Incorporated will post 5.49 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Wednesday, October 31st will be paid a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $3.08 annualized dividend and a dividend yield of 2.87%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.62. Texas Instruments’s dividend payout ratio is currently 57.94%.

In related news, insider Stephen A. Anderson sold 25,318 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $111.55, for a total value of $2,824,222.90. Following the sale, the insider now directly owns 131,153 shares in the company, valued at $14,630,117.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.84% of the company’s stock.

A number of hedge funds have recently made changes to their positions in TXN. Pinnacle Associates Ltd. boosted its holdings in Texas Instruments by 23.1% in the first quarter. Pinnacle Associates Ltd. now owns 35,355 shares of the semiconductor company’s stock valued at $3,673,000 after acquiring an additional 6,626 shares during the last quarter. Cambria Investment Management L.P. boosted its holdings in Texas Instruments by 2.7% in the first quarter. Cambria Investment Management L.P. now owns 25,949 shares of the semiconductor company’s stock valued at $2,696,000 after acquiring an additional 674 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Texas Instruments in the first quarter valued at approximately $338,000. Quadrature Capital Ltd bought a new stake in Texas Instruments in the first quarter valued at approximately $1,216,000. Finally, MML Investors Services LLC boosted its holdings in Texas Instruments by 29.8% in the first quarter. MML Investors Services LLC now owns 34,011 shares of the semiconductor company’s stock valued at $3,533,000 after acquiring an additional 7,817 shares during the last quarter. Institutional investors and hedge funds own 83.97% of the company’s stock.

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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