Texas Instruments (NASDAQ:TXN) Coverage Initiated by Analysts at Arete

Arete assumed coverage on shares of Texas Instruments (NASDAQ:TXN) in a report issued on Thursday, Marketbeat.com reports. The brokerage issued a neutral rating and a $203.80 target price on the semiconductor company’s stock.

Several other analysts have also weighed in on TXN. JPMorgan Chase & Co. lowered their price objective on Texas Instruments from $230.00 to $195.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Monday, April 7th. Mizuho set a $170.00 price objective on Texas Instruments in a research note on Thursday, April 24th. Cantor Fitzgerald decreased their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Finally, Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $191.49.

Texas Instruments Stock Performance

Shares of TXN opened at $206.31 on Thursday. The firm has a market cap of $187.43 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 3.34 and a beta of 1.00. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $181.40 and its two-hundred day moving average is $182.40. Texas Instruments has a 52-week low of $139.95 and a 52-week high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. Analysts forecast that Texas Instruments will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.64%. Texas Instruments’s dividend payout ratio is currently 103.23%.

Hedge Funds Weigh In On Texas Instruments

Several hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Texas Instruments in the fourth quarter valued at $2,584,490,000. Nuveen LLC purchased a new stake in shares of Texas Instruments during the first quarter valued at $711,387,000. GAMMA Investing LLC increased its stake in Texas Instruments by 21,778.6% in the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company’s stock worth $614,938,000 after purchasing an additional 3,406,386 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Texas Instruments by 20.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company’s stock worth $2,371,657,000 after buying an additional 2,257,086 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after buying an additional 2,237,035 shares in the last quarter. Institutional investors and hedge funds 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.