Royal Bank Of Canada Boosts Texas Instruments Incorporated (NASDAQ:TXN) Price Target to $96.00
Texas Instruments Incorporated (NASDAQ:TXN) had its price objective increased by Royal Bank Of Canada from $95.00 to $96.00 in a report issued on Wednesday morning, MarketBeat.com reports. They currently have an outperform rating on the semiconductor company’s stock.
TXN has been the topic of several other research reports. Drexel Hamilton reissued a buy rating and set a $93.00 target price on shares of Texas Instruments in a research report on Wednesday, April 26th. Instinet reissued a neutral rating and set a $75.00 target price (up previously from $70.00) on shares of Texas Instruments in a research report on Saturday, April 29th. Macquarie assumed coverage on Texas Instruments in a research report on Thursday, March 30th. They set a neutral rating and a $82.00 target price on the stock. Deutsche Bank AG reissued a hold rating and set a $75.00 target price (up previously from $73.00) on shares of Texas Instruments in a research report on Saturday, April 29th. Finally, Zacks Investment Research lowered Texas Instruments from a hold rating to a sell rating in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Texas Instruments has a consensus rating of Buy and a consensus price target of $85.96.
Shares of Texas Instruments (NASDAQ:TXN) opened at 80.71 on Wednesday. Texas Instruments has a 52 week low of $66.30 and a 52 week high of $84.65. The stock’s 50 day moving average price is $79.88 and its 200-day moving average price is $79.21. The stock has a market cap of $80.04 billion, a price-to-earnings ratio of 20.06 and a beta of 1.20.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $3.57 billion. During the same quarter last year, the company earned $0.76 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Equities analysts anticipate that Texas Instruments will post $4.11 earnings per share for the current fiscal year.
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The firm also recently declared 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. The ex-dividend date is Thursday, July 27th. This represents a $2.00 annualized dividend and a dividend yield of 2.48%. Texas Instruments’s dividend payout ratio is currently 50.51%.
In related news, insider Niels Anderskouv sold 32,420 shares of Texas Instruments stock in a transaction on Friday, May 12th. The stock was sold at an average price of $80.61, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.
A number of institutional investors have recently modified their holdings of TXN. Manning & Napier Advisors LLC boosted its position in shares of Texas Instruments by 4.9% in the first quarter. Manning & Napier Advisors LLC now owns 155,157 shares of the semiconductor company’s stock valued at $12,498,000 after buying an additional 7,293 shares in the last quarter. CENTRAL TRUST Co boosted its position in shares of Texas Instruments by 0.3% in the first quarter. CENTRAL TRUST Co now owns 33,608 shares of the semiconductor company’s stock valued at $2,707,000 after buying an additional 90 shares in the last quarter. Rathbone Brothers plc purchased a new position in shares of Texas Instruments during the first quarter valued at about $362,000. Chevy Chase Trust Holdings Inc. boosted its position in shares of Texas Instruments by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 867,938 shares of the semiconductor company’s stock valued at $69,921,000 after buying an additional 26,948 shares in the last quarter. Finally, Beacon Financial Group boosted its position in shares of Texas Instruments by 6.2% in the first quarter. Beacon Financial Group now owns 20,089 shares of the semiconductor company’s stock valued at $1,628,000 after buying an additional 1,180 shares in the last quarter. 84.64% of the stock is owned by hedge funds and other institutional investors.
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.
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