Texas Instruments Incorporated (NASDAQ:TXN) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Texas Instruments Incorporated (NASDAQ:TXN) have received a consensus recommendation of “Hold” from the thirty-one brokerages that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $191.49.

Several research analysts have recently commented on TXN shares. TD Securities reissued a “hold” rating and issued a $160.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. KeyCorp reduced their price target on Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Mizuho set a $170.00 price target on Texas Instruments in a research report on Thursday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $216.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. Finally, Barclays downgraded Texas Instruments from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd.

Institutional Investors Weigh In On Texas Instruments

Large investors have recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after purchasing an additional 4,218 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in Texas Instruments by 14.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company’s stock worth $25,942,000 after purchasing an additional 17,840 shares in the last quarter. Verus Capital Partners LLC boosted its position in Texas Instruments by 5.3% in the 4th quarter. Verus Capital Partners LLC now owns 1,478 shares of the semiconductor company’s stock worth $277,000 after purchasing an additional 75 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Texas Instruments by 3.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,480 shares of the semiconductor company’s stock worth $653,000 after purchasing an additional 110 shares in the last quarter. Finally, SVB Wealth LLC purchased a new stake in Texas Instruments in the 4th quarter worth approximately $2,517,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Trading Up 0.4%

TXN opened at $207.08 on Friday. The firm has a market cap of $188.13 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 3.37 and a beta of 1.00. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments has a 12 month low of $139.95 and a 12 month high of $220.39. The stock has a fifty day moving average price of $182.58 and a 200-day moving average price of $182.45.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. As a group, equities research analysts anticipate that Texas Instruments will post 5.35 earnings per share 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 given a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.63%. Texas Instruments’s dividend payout ratio is currently 103.23%.

About Texas Instruments

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.