Texas Instruments Incorporated (NASDAQ:TXN) has been assigned an average recommendation of “Hold” from the twenty-nine research firms that are currently covering the stock. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $71.07.
A number of brokerages recently issued reports on TXN. Exane BNP Paribas upgraded Texas Instruments from an “underperform” rating to a “neutral” rating in a research note on Friday, August 5th. B. Riley restated a “neutral” rating and issued a $70.00 price target on shares of Texas Instruments in a research note on Tuesday, November 1st. BNP Paribas upgraded Texas Instruments from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 4th. RBC Capital Markets restated an “outperform” rating and issued a $80.00 price target (up from $75.00) on shares of Texas Instruments in a research note on Monday, August 22nd. Finally, Cowen and Company upped their price target on Texas Instruments from $69.00 to $73.00 and gave the stock a “market perform” rating in a research note on Thursday, October 27th.
Shares of Texas Instruments (NASDAQ:TXN) traded up 0.235% during midday trading on Monday, reaching $74.605. 2,384,607 shares of the company were exchanged. Texas Instruments has a 12-month low of $46.73 and a 12-month high of $74.89. The stock has a market capitalization of $74.57 billion, a P/E ratio of 23.684 and a beta of 1.28. The company has a 50 day moving average price of $70.37 and a 200-day moving average price of $66.72.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.08. Texas Instruments had a net margin of 24.73% and a return on equity of 31.60%. The firm earned $3.68 billion during the quarter. During the same period in the previous year, the company earned $0.76 EPS. Texas Instruments’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts forecast that Texas Instruments will post $3.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 7th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.69%. The ex-dividend date was Thursday, November 3rd. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.38. Texas Instruments’s payout ratio is 63.49%.
In other Texas Instruments news, insider Brian T. Crutcher sold 15,000 shares of Texas Instruments stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $70.69, for a total value of $1,060,350.00. Following the transaction, the insider now owns 309,250 shares in the company, valued at $21,860,882.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. HRT Financial LLC acquired a new stake in shares of Texas Instruments during the second quarter worth $294,000. Shell Asset Management Co. raised its stake in shares of Texas Instruments by 14.9% in the second quarter. Shell Asset Management Co. now owns 169,435 shares of the company’s stock worth $10,615,000 after buying an additional 22,027 shares during the last quarter. Seminole Management Co. Inc. raised its stake in shares of Texas Instruments by 5.7% in the second quarter. Seminole Management Co. Inc. now owns 456,615 shares of the company’s stock worth $28,607,000 after buying an additional 24,441 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Texas Instruments by 1.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 160,154 shares of the company’s stock worth $10,034,000 after buying an additional 2,785 shares during the last quarter. Finally, Evercore Wealth Management LLC raised its stake in shares of Texas Instruments by 2.2% in the second quarter. Evercore Wealth Management LLC now owns 391,085 shares of the company’s stock worth $24,502,000 after buying an additional 8,291 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.