BidaskClub cut shares of Texas Instruments Incorporated (NASDAQ:TXN) from a strong-buy rating to a buy rating in a report released on Tuesday morning.

Several other analysts also recently commented on the stock. Barclays PLC increased their target price on shares of Texas Instruments from $77.00 to $83.00 and gave the company an equal weight rating in a report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Texas Instruments from a sell rating to a hold rating in a report on Monday, July 17th. Cowen and Company reiterated a hold rating and issued a $82.00 target price on shares of Texas Instruments in a report on Friday, July 14th. Jefferies Group LLC reiterated a buy rating on shares of Texas Instruments in a report on Monday, July 10th. Finally, Raymond James Financial, Inc. reiterated a mkt perform rating on shares of Texas Instruments in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $85.96.

Shares of Texas Instruments (NASDAQ TXN) traded down 0.32% on Tuesday, hitting $80.71. 5,228,009 shares of the stock were exchanged. The stock’s 50-day moving average is $79.88 and its 200-day moving average 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 has a 1-year low of $66.30 and a 1-year high of $84.65.

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

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be given a $0.50 dividend. The ex-dividend date is Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.48%. Texas Instruments’s dividend payout ratio (DPR) is currently 50.51%.

In other news, insider Niels Anderskouv sold 32,420 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were 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 in the company, valued at $8,224,477.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in TXN. American Beacon Advisors Inc. bought a new stake in shares of Texas Instruments during the first quarter worth $101,000. ClariVest Asset Management LLC increased its stake in shares of 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 in the last quarter. Balentine LLC increased its stake in shares of 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 in the last quarter. TCI Wealth Advisors Inc. increased its stake in shares of 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 in the last quarter. Finally, American National Bank increased its stake in shares of 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 in the last quarter. 84.64% of the stock is currently owned by institutional investors and hedge funds.

About Texas Instruments

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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