Texas Instruments (NASDAQ:TXN) Earns “Neutral” Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of Texas Instruments (NASDAQ:TXN) in a research note published on Wednesday morning, Benzinga reports. Cantor Fitzgerald currently has a $180.00 price target on the semiconductor company’s stock. Cantor Fitzgerald also issued estimates for Texas Instruments’ FY2024 earnings at $5.15 EPS.

Several other analysts also recently issued reports on the stock. Rosenblatt Securities reissued a buy rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. Oppenheimer reissued a market perform rating on shares of Texas Instruments in a research report on Wednesday. Morgan Stanley lifted their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a research report on Wednesday, January 24th. KeyCorp lifted their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the company an overweight rating in a research report on Wednesday, January 24th. Finally, Stifel Nicolaus lifted their price target on shares of Texas Instruments from $160.00 to $172.00 and gave the company a hold rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Texas Instruments has a consensus rating of Hold and a consensus target price of $180.74.

Texas Instruments Stock Performance

Shares of TXN stock opened at $177.48 on Wednesday. The company has a market cap of $161.52 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average of $169.29 and a 200-day moving average of $162.22.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 EPS. On average, equities analysts forecast that Texas Instruments will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s payout ratio is 81.12%.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Hedge funds have recently made changes to their positions in the business. BLB&B Advisors LLC increased its holdings in Texas Instruments by 2.5% in the 1st quarter. BLB&B Advisors LLC now owns 4,404 shares of the semiconductor company’s stock worth $767,000 after acquiring an additional 106 shares during the last quarter. Planned Solutions Inc. increased its holdings in Texas Instruments by 24.3% in the 1st quarter. Planned Solutions Inc. now owns 1,278 shares of the semiconductor company’s stock worth $223,000 after acquiring an additional 250 shares during the last quarter. Augustine Asset Management Inc. purchased a new stake in Texas Instruments in the 1st quarter worth about $202,000. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in Texas Instruments by 43.5% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 287 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 87 shares during the last quarter. Finally, SlateStone Wealth LLC increased its holdings in Texas Instruments by 0.6% in the 1st quarter. SlateStone Wealth LLC now owns 17,918 shares of the semiconductor company’s stock worth $3,121,000 after acquiring an additional 102 shares during the last quarter. 84.99% of the stock is currently owned by 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.