Texas Instruments (TXN) Stock Rating Lowered by BidaskClub

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BidaskClub lowered shares of Texas Instruments (NASDAQ:TXN) from a hold rating to a sell rating in a research note released on Wednesday, BidAskClub reports.

A number of other brokerages have also commented on TXN. Robert W. Baird restated a hold rating and set a $115.00 price objective on shares of Texas Instruments in a research report on Wednesday, January 23rd. Deutsche Bank decreased their price objective on Texas Instruments to $100.00 and set a hold rating for the company in a research report on Thursday, January 24th. SunTrust Banks raised their price objective on Texas Instruments from $93.00 to $103.00 and gave the stock a hold rating in a research report on Thursday, January 24th. Royal Bank of Canada restated an outperform rating and set a $105.00 price objective (down from $120.00) on shares of Texas Instruments in a research report on Thursday, January 24th. Finally, Morgan Stanley restated an equal weight rating and set a $100.00 price objective (down from $103.00) on shares of Texas Instruments in a research report on Thursday, January 24th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $111.18.

NASDAQ:TXN opened at $105.06 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.68 and a quick ratio of 2.70. Texas Instruments has a 1-year low of $87.70 and a 1-year high of $119.32. The firm has a market capitalization of $98.57 billion, a P/E ratio of 19.38, a P/E/G ratio of 2.05 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.09. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter last year, the company posted $1.35 EPS. Texas Instruments’s revenue for the quarter was down 5.1% on a year-over-year basis. Research analysts expect that Texas Instruments will post 5.16 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 6th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, May 3rd. This represents a $3.08 annualized dividend and a dividend yield of 2.93%. Texas Instruments’s dividend payout ratio is 56.83%.

In other news, insider Bing Xie sold 20,000 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $116.75, for a total transaction of $2,335,000.00. Following the completion of the sale, the insider now directly owns 53,934 shares in the company, valued at approximately $6,296,794.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carrie Smith Cox sold 17,002 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $116.08, for a total value of $1,973,592.16. Following the sale, the director now owns 40,299 shares of the company’s stock, valued at $4,677,907.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 879,332 shares of company stock valued at $103,024,864. 0.89% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of TXN. Vanguard Group Inc raised its stake in shares of Texas Instruments by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 85,524,906 shares of the semiconductor company’s stock valued at $9,175,968,000 after acquiring an additional 807,808 shares in the last quarter. SignalPoint Asset Management LLC raised its stake in shares of Texas Instruments by 8.8% in the 4th quarter. SignalPoint Asset Management LLC now owns 2,229 shares of the semiconductor company’s stock valued at $211,000 after acquiring an additional 181 shares in the last quarter. Intact Investment Management Inc. raised its stake in shares of Texas Instruments by 2.6% in the 4th quarter. Intact Investment Management Inc. now owns 35,700 shares of the semiconductor company’s stock valued at $3,374,000 after acquiring an additional 900 shares in the last quarter. Clean Yield Group raised its stake in shares of Texas Instruments by 18.5% in the 4th quarter. Clean Yield Group now owns 14,430 shares of the semiconductor company’s stock valued at $1,364,000 after acquiring an additional 2,250 shares in the last quarter. Finally, Portland Global Advisors LLC raised its stake in shares of Texas Instruments by 6.9% in the 4th quarter. Portland Global Advisors LLC now owns 32,166 shares of the semiconductor company’s stock valued at $3,040,000 after acquiring an additional 2,078 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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