News articles about Texas Instruments (NASDAQ:TXN) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Texas Instruments earned a news impact score of 0.16 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 46.7778092223254 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Texas Instruments to announce dividend increase (nasdaq.com)
- Texas Instruments to webcast 3Q17 earnings conference call (finance.yahoo.com)
- Is Texas Instruments Incorporated’s (TXN) ROE Of 39.85% Sustainable? (finance.yahoo.com)
- Texas Instruments to webcast 3Q17 earnings conference call – PR Newswire (press release) (prnewswire.com)
- Texas Instruments Incorporated (TXN) Position Raised by Atlantic Trust Group LLC (topix.com)
Shares of Texas Instruments (TXN) traded up 0.25% during trading on Monday, reaching $91.58. 1,749,826 shares of the company traded hands. Texas Instruments has a 12-month low of $66.80 and a 12-month high of $91.86. The stock has a market capitalization of $90.67 billion, a P/E ratio of 22.91 and a beta of 1.24. The firm’s 50 day moving average is $85.06 and its 200-day moving average is $81.59.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.07. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities research analysts anticipate that Texas Instruments will post $4.13 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.62 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, October 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.71%. Texas Instruments’s dividend payout ratio is presently 50.51%.
Texas Instruments declared that its Board of Directors has authorized a share buyback plan on Thursday, September 21st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 74% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
A number of analysts recently weighed in on the company. Raymond James Financial, Inc. restated a “mkt perform” rating on shares of Texas Instruments in a report on Friday, June 16th. Jefferies Group LLC restated a “buy” rating on shares of Texas Instruments in a report on Monday, July 10th. Cowen and Company restated a “hold” rating and issued a $82.00 price objective on shares of Texas Instruments in a report on Friday, July 14th. Zacks Investment Research upgraded Texas Instruments from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, Barclays PLC increased their price objective on Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Texas Instruments presently has a consensus rating of “Buy” and an average price target of $86.51.
In related news, COO Brian T. Crutcher sold 50,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the transaction, the chief operating officer now owns 201,440 shares in the company, valued at $16,334,769.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin J. Ritchie sold 105,396 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $81.91, for a total transaction of $8,632,986.36. Following the transaction, the insider now owns 252,257 shares in the company, valued at approximately $20,662,370.87. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 211,301 shares of company stock worth $17,259,256. 0.96% of the stock is owned by insiders.
About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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