Oppenheimer reaffirmed their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a research report released on Friday morning. The brokerage currently has a $130.00 price target on the semiconductor company’s stock.
TXN has been the subject of several other research reports. Robert W. Baird increased their price objective on shares of Texas Instruments from $85.00 to $100.00 and gave the stock a neutral rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered shares of Texas Instruments from a buy rating to a hold rating in a report on Tuesday, October 17th. Royal Bank of Canada reaffirmed a buy rating and set a $112.00 price target on shares of Texas Instruments in a report on Thursday, January 4th. Barclays raised their price target on shares of Texas Instruments from $85.00 to $95.00 and gave the company an equal weight rating in a report on Wednesday, October 18th. Finally, BidaskClub raised shares of Texas Instruments from a buy rating to a strong-buy rating in a report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Texas Instruments presently has an average rating of Hold and an average price target of $99.84.
Shares of Texas Instruments (TXN) opened at $119.44 on Friday. Texas Instruments has a 52-week low of $74.52 and a 52-week high of $119.98. The stock has a market cap of $115,143.04, a price-to-earnings ratio of 27.91, a PEG ratio of 2.66 and a beta of 1.27. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. research analysts forecast that Texas Instruments will post 4.36 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Wednesday, January 31st will be paid a dividend of $0.62 per share. The ex-dividend date is Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a yield of 2.08%. Texas Instruments’s dividend payout ratio (DPR) is 57.94%.
In other Texas Instruments news, VP Darla H. Whitaker sold 118,799 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.24, for a total transaction of $11,433,215.76. Following the transaction, the vice president now directly owns 123,993 shares in the company, valued at approximately $11,933,086.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R Gregory Delagi sold 238,750 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the completion of the transaction, the insider now owns 189,234 shares in the company, valued at $18,438,960.96. The disclosure for this sale can be found here. Insiders have sold a total of 1,362,293 shares of company stock worth $131,754,396 over the last quarter. 0.96% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Highland Private Wealth Management lifted its position in shares of Texas Instruments by 0.8% in the 2nd quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock worth $234,000 after buying an additional 25 shares during the last quarter. Hudock Capital Group LLC lifted its position in shares of Texas Instruments by 1.3% in the 2nd quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock worth $154,000 after buying an additional 26 shares during the last quarter. Carret Asset Management LLC lifted its position in shares of Texas Instruments by 0.7% in the 2nd quarter. Carret Asset Management LLC now owns 6,043 shares of the semiconductor company’s stock worth $465,000 after buying an additional 43 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its position in shares of Texas Instruments by 0.9% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 5,041 shares of the semiconductor company’s stock worth $388,000 after buying an additional 45 shares during the last quarter. Finally, RNC Capital Management LLC lifted its position in shares of Texas Instruments by 0.7% in the 2nd quarter. RNC Capital Management LLC now owns 7,872 shares of the semiconductor company’s stock worth $606,000 after buying an additional 55 shares during the last quarter. Institutional investors own 83.89% of the company’s stock.
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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