Texas Instruments (NASDAQ:TXN) Stock Rating Reaffirmed by Rosenblatt Securities

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

TXN has been the subject of a number of other research reports. Evercore ISI began coverage on shares of Texas Instruments in a research note on Tuesday, April 16th. They set an outperform rating and a $213.00 target price for the company. Barclays cut their target price on shares of Texas Instruments from $160.00 to $150.00 and set an equal weight rating for the company in a research note on Wednesday, January 24th. KeyCorp lifted their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a research note on Wednesday, January 24th. UBS Group upgraded shares of Texas Instruments from a neutral rating to a buy rating and lifted their price objective for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Finally, Mizuho dropped their price objective on shares of Texas Instruments from $170.00 to $164.00 and set a neutral rating for the company in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $180.74.

Texas Instruments Stock Performance

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

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

Texas Instruments Dividend Announcement

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

Insider Buying and Selling at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction that occurred on Wednesday, January 31st. The shares were 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 of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently made changes to their positions in TXN. Annapolis Financial Services LLC grew its holdings in shares of Texas Instruments by 333.3% during the 3rd 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 last quarter. Briaud Financial Planning Inc bought a new stake in Texas Instruments during the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments during the 4th quarter worth approximately $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. Finally, Richardson Financial Services Inc. bought a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. 84.99% of the stock is 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.