Texas Instruments Incorporated (NASDAQ:TXN) Stock Rating Reaffirmed by UBS AG
UBS AG reiterated their buy rating on shares of Texas Instruments Incorporated (NASDAQ:TXN) in a research note issued to investors on Wednesday morning, www.flashratings.com reports. UBS AG currently has a $93.00 target price on the semiconductor company’s stock, up from their prior target price of $91.00.
A number of other research firms have also recently issued reports on TXN. Cowen and Company upped their price objective on Texas Instruments from $77.00 to $82.00 and gave the stock a market perform rating in a report on Wednesday, April 26th. Drexel Hamilton reiterated a buy rating and issued a $93.00 price objective on shares of Texas Instruments in a report on Wednesday, April 26th. Robert W. Baird upped their price objective on Texas Instruments from $80.00 to $85.00 and gave the stock a neutral rating in a report on Wednesday, April 26th. B. Riley reiterated a neutral rating and issued a $83.00 price objective on shares of Texas Instruments in a report on Wednesday, April 26th. Finally, Zacks Investment Research upgraded Texas Instruments from a sell rating to a hold rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Texas Instruments presently has an average rating of Buy and an average target price of $85.96.
Texas Instruments (NASDAQ:TXN) opened at 80.71 on Wednesday. The firm has a 50-day moving average price of $79.88 and a 200 day moving average price of $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 has a 52-week low of $66.30 and a 52-week high of $84.65.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) 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 firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the business earned $0.76 EPS. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, analysts predict that Texas Instruments will post $4.11 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, July 27th. Texas Instruments’s dividend payout ratio (DPR) is presently 50.51%.
In other Texas Instruments 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 transaction of $2,613,376.20. Following the completion of the transaction, the insider now owns 102,028 shares of the company’s stock, valued at approximately $8,224,477.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.96% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. American Beacon Advisors Inc. acquired a new position in Texas Instruments during the first quarter worth approximately $101,000. ClariVest Asset Management LLC raised its position in Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after buying an additional 100 shares during the last quarter. Balentine LLC raised its position in Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after buying an additional 80 shares during the last quarter. TCI Wealth Advisors Inc. raised its position in Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock worth $108,000 after buying an additional 333 shares during the last quarter. Finally, American National Bank raised its position in Texas Instruments by 2,470.9% in the second quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock worth $109,000 after buying an additional 1,359 shares during the last quarter. 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.
Receive News & Ratings for Texas Instruments Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.