Texas Instruments (NASDAQ:TXN) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Texas Instruments (NASDAQ:TXNGet Rating) from a hold rating to a buy rating in a research report released on Monday.

Several other brokerages have also issued reports on TXN. KeyCorp lowered their target price on Texas Instruments from $240.00 to $220.00 and set an overweight rating for the company in a research report on Wednesday, April 27th. Susquehanna lowered their target price on Texas Instruments from $230.00 to $215.00 and set a buy rating for the company in a research report on Wednesday, April 27th. Edward Jones lowered Texas Instruments from a buy rating to a hold rating in a research report on Friday, February 11th. Zacks Investment Research raised Texas Instruments from a hold rating to a strong-buy rating and set a $201.00 target price for the company in a research report on Saturday, January 29th. Finally, Barclays lowered their target price on Texas Instruments from $170.00 to $150.00 and set an underweight rating for the company in a research report on Wednesday, April 27th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $193.53.

NASDAQ TXN opened at $168.50 on Monday. The company has a quick ratio of 4.73, a current ratio of 5.54 and a debt-to-equity ratio of 0.52. Texas Instruments has a twelve month low of $160.50 and a twelve month high of $202.26. The company has a market cap of $155.38 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 2.07 and a beta of 0.95. The business’s fifty day moving average is $175.45 and its 200 day moving average is $180.32.

Texas Instruments (NASDAQ:TXNGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.17. The company had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.73 billion. Texas Instruments had a return on equity of 64.89% and a net margin of 43.34%. Texas Instruments’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the business posted $1.87 EPS. On average, research analysts anticipate that Texas Instruments will post 8.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 17th. Investors of record on Monday, May 9th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Friday, May 6th. Texas Instruments’s dividend payout ratio (DPR) is currently 52.63%.

A number of hedge funds have recently bought and sold shares of the stock. Mizuho Securities Co. Ltd. increased its holdings in Texas Instruments by 280.6% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 101 shares in the last quarter. CarsonAllaria Wealth Management Ltd. bought a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. Stuart Chaussee & Associates Inc. increased its holdings in Texas Instruments by 81.7% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 149 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Life Planning Partners Inc bought a new stake in Texas Instruments during the 4th quarter worth approximately $28,000. Finally, Widmann Financial Services Inc. bought a new stake in Texas Instruments during the 4th quarter worth approximately $30,000. 83.96% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Company Profile (Get Rating)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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