Evercore ISI Begins Coverage on Texas Instruments (NASDAQ:TXN)

Evercore ISI began coverage on shares of Texas Instruments (NASDAQ:TXN) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The firm issued an outperform rating and a $213.00 price target on the semiconductor company’s stock.

Several other equities research analysts have also recently weighed in on the company. Truist Financial reduced their price objective on Texas Instruments from $166.00 to $165.00 and set a hold rating on the stock in a research note on Friday, February 9th. Barclays reduced their price objective on Texas Instruments from $160.00 to $150.00 and set an equal weight rating on the stock in a research note on Wednesday, January 24th. Susquehanna reduced their price objective on Texas Instruments from $205.00 to $200.00 and set a positive rating on the stock in a research note on Wednesday, January 24th. KeyCorp boosted their price objective on Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a research note on Wednesday, January 24th. Finally, Morgan Stanley upped their target price on Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $176.68.

Texas Instruments Price Performance

NASDAQ:TXN opened at $167.59 on Tuesday. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $152.52 billion, a P/E ratio of 23.74, a P/E/G ratio of 3.58 and a beta of 1.04. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $188.12. The business’s 50-day moving average is $167.95 and its 200 day moving average is $161.68.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the firm posted $2.13 earnings per share. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. On average, equities research analysts forecast that Texas Instruments will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Wednesday, January 31st were issued a dividend of $1.30 per share. The ex-dividend date was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 3.10%. Texas Instruments’s dividend payout ratio is currently 73.65%.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.68% of the stock is owned by company insiders.

Institutional Trading of Texas Instruments

Hedge funds have recently bought and sold shares of the stock. Fairfield Bush & CO. purchased a new stake in shares of Texas Instruments during the 1st quarter valued at $56,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Texas Instruments by 32.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock valued at $182,908,000 after purchasing an additional 243,907 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Texas Instruments by 7.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock worth $1,105,000 after acquiring an additional 413 shares during the last quarter. Wsfs Capital Management LLC purchased a new position in Texas Instruments in the 1st quarter worth $337,000. Finally, Bridgefront Capital LLC purchased a new position in Texas Instruments in the 1st quarter worth $315,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.