Texas Instruments’ (TXN) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a report published on Wednesday morning, Benzinga reports. Rosenblatt Securities currently has a $210.00 price objective on the semiconductor company’s stock.

Several other research firms also recently weighed in on TXN. Morgan Stanley lifted their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a report on Wednesday, January 24th. Susquehanna decreased their price target on shares of Texas Instruments from $205.00 to $200.00 and set a positive rating for the company in a research report on Wednesday, January 24th. UBS Group raised shares of Texas Instruments from a neutral rating to a buy rating and raised their price target for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Truist Financial decreased their price target on shares of Texas Instruments from $166.00 to $165.00 and set a hold rating for the company in a research report on Friday, February 9th. Finally, Mizuho decreased their price target on shares of Texas Instruments from $170.00 to $164.00 and set a neutral rating for the company in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $180.74.

Texas Instruments Stock Up 1.3 %

Texas Instruments stock opened at $177.48 on Wednesday. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. The firm has a 50 day moving average price of $169.29 and a 200 day moving average price of $162.25. The company has a market capitalization of $161.59 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.75 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the firm earned $1.85 EPS. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. Research analysts expect that Texas Instruments will post 5.2 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be given a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.93%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Instruments

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments in the fourth quarter valued at $25,000. Life Planning Partners Inc purchased a new stake in Texas Instruments in the fourth quarter valued at $26,000. Richardson Financial Services Inc. purchased a new stake in Texas Instruments in the fourth quarter valued at $26,000. Scarborough Advisors LLC purchased a new stake in Texas Instruments in the fourth quarter valued at $26,000. Finally, Annapolis Financial Services LLC increased its stake in Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

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.