Texas Instruments (NASDAQ:TXN) Given “Buy” Rating at Benchmark

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

TXN has been the subject of a number of other research reports. Barclays lowered their price objective on Texas Instruments from $160.00 to $150.00 and set an equal weight rating for the company in a research report on Wednesday, January 24th. Rosenblatt Securities reissued a buy rating and issued a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday. KeyCorp raised their price objective on Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a research report on Wednesday, January 24th. Morgan Stanley raised their price objective on Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a research report on Wednesday, January 24th. Finally, Cantor Fitzgerald raised their price objective on Texas Instruments from $170.00 to $180.00 and gave the stock a neutral rating in a research report on Monday, April 8th. Three investment 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. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of $180.74.

Texas Instruments Stock Up 1.3 %

Shares of NASDAQ TXN opened at $177.48 on Wednesday. The company has a current ratio of 4.91, a quick ratio of 3.35 and a debt-to-equity ratio of 0.76. The stock has a market capitalization 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 stock’s fifty day simple moving average is $169.29 and its two-hundred day simple moving average is $162.22. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 EPS. As a group, analysts expect that Texas Instruments will post 5.16 EPS for the current fiscal year.

Texas Instruments Announces Dividend

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

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now 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 accessible through this link. Company insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

A number of institutional investors have recently modified their holdings of the stock. AXQ Capital LP increased its stake in shares of Texas Instruments by 64.3% in the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its stake in shares of Texas Instruments by 0.4% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after purchasing an additional 155 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Texas Instruments by 39.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after purchasing an additional 2,397 shares in the last quarter. Salem Investment Counselors Inc. boosted its holdings in Texas Instruments by 2.2% in the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after buying an additional 177 shares during the last quarter. Finally, Chicago Capital LLC boosted its holdings in Texas Instruments by 182.7% in the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock worth $2,192,000 after buying an additional 8,311 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

About Texas Instruments

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.