Texas Instruments Incorporated (TXN) Receives Neutral Rating from B. Riley
B. Riley reaffirmed their neutral rating on shares of Texas Instruments Incorporated (NASDAQ:TXN) in a report published on Wednesday. B. Riley currently has a $89.00 price target on the semiconductor company’s stock, up from their previous price target of $83.00.
A number of other research firms have also issued reports on TXN. Zacks Investment Research upgraded Texas Instruments from a sell rating to a hold rating in a research note on Monday, July 17th. SunTrust Banks, Inc. restated a hold rating and issued a $86.00 target price (up from $84.00) on shares of Texas Instruments in a research note on Wednesday. Cowen and Company upped their target price on Texas Instruments from $77.00 to $82.00 and gave the stock a market perform rating in a research note on Wednesday, April 26th. Barclays PLC upped their target price on Texas Instruments from $77.00 to $83.00 and gave the stock an equal weight rating in a research note on Tuesday, July 18th. Finally, Rosenblatt Securities restated a buy rating and issued a $93.00 target price (up from $90.00) on shares of Texas Instruments in a research note on Saturday, April 29th. One research analyst has rated the stock with a sell rating, fifteen have assigned 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.
Texas Instruments (TXN) opened at 80.71 on Wednesday. The company has a market cap of $80.04 billion, a PE ratio of 20.06 and a beta of 1.20. Texas Instruments has a 12 month low of $66.30 and a 12 month high of $84.65. The company has a 50 day moving average price of $79.88 and a 200-day moving average price of $79.21.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the company posted $0.76 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts predict that Texas Instruments will post $4.11 earnings per share for the current fiscal 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 issued 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 is Thursday, July 27th. Texas Instruments’s payout ratio is currently 50.51%.
In other news, insider Niels Anderskouv sold 32,420 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $8,224,477.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. American Beacon Advisors Inc. purchased a new position in Texas Instruments during the first quarter worth about $101,000. ClariVest Asset Management LLC boosted 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 valued at $104,000 after buying an additional 100 shares in the last quarter. Balentine LLC boosted 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 valued at $106,000 after buying an additional 80 shares in the last quarter. TCI Wealth Advisors Inc. boosted 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 valued at $108,000 after buying an additional 333 shares in the last quarter. Finally, American National Bank boosted 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 valued at $109,000 after buying an additional 1,359 shares in the last quarter. Hedge funds and other institutional investors own 84.64% of the company’s stock.
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.
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