Texas Instruments’ (TXN) “Equal Weight” Rating Reiterated at Morgan Stanley
Morgan Stanley restated their equal weight rating on shares of Texas Instruments Incorporated (NASDAQ:TXN) in a report issued on Wednesday. The firm currently has a $83.00 price target on the semiconductor company’s stock, up from their previous price target of $78.00.
TXN has been the topic of a number of other research reports. Deutsche Bank AG reaffirmed a hold rating and issued a $75.00 price objective (up previously from $73.00) on shares of Texas Instruments in a report on Saturday, April 29th. Vetr raised Texas Instruments from a buy rating to a strong-buy rating and set a $89.16 price objective on the stock in a report on Tuesday, April 11th. Royal Bank Of Canada reaffirmed an outperform rating and issued a $84.00 price objective on shares of Texas Instruments in a report on Tuesday, April 25th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and issued a $90.00 price objective on shares of Texas Instruments in a report on Tuesday, April 25th. Finally, Rosenblatt Securities reissued a buy rating and set a $90.00 price target on shares of Texas Instruments in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Texas Instruments presently has an average rating of Buy and a consensus price target of $85.96.
Shares of Texas Instruments (TXN) traded down 0.32% during trading on Wednesday, reaching $80.71. The company’s stock had a trading volume of 5,228,009 shares. The company has a 50 day moving average price of $79.88 and a 200 day moving average price of $79.21. Texas Instruments has a 52 week low of $66.30 and a 52 week high of $84.65. The firm has a market capitalization of $80.04 billion, a P/E ratio of 20.06 and a beta of 1.20.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities research analysts expect that Texas Instruments will post $4.11 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors 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 yield of 2.48%. The ex-dividend date of this dividend is Thursday, July 27th. Texas Instruments’s payout ratio is currently 50.51%.
In related 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 value of $2,613,376.20. Following the sale, 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 SEC, which is available through this link. 0.96% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. American Beacon Advisors Inc. bought a new stake in Texas Instruments during the first quarter worth about $101,000. ClariVest Asset Management LLC raised its stake 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 stake 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 stake 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 stake 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 currently 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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