Texas Instruments Incorporated (NASDAQ:TXN – Get Free Report) gapped down before the market opened on Wednesday after Truist Financial lowered their price target on the stock from $178.00 to $174.00. The stock had previously closed at $186.08, but opened at $176.89. Texas Instruments shares last traded at $176.69, with a volume of 4,868,060 shares trading hands.
TXN has been the subject of several other research reports. Citigroup upped their price target on Texas Instruments from $173.00 to $182.00 and gave the stock a “neutral” rating in a report on Tuesday, July 18th. Bank of America lowered their target price on shares of Texas Instruments from $205.00 to $195.00 in a research note on Wednesday, April 26th. UBS Group lowered their target price on shares of Texas Instruments from $190.00 to $185.00 in a research note on Wednesday. Wolfe Research began coverage on shares of Texas Instruments in a research note on Wednesday, July 19th. They set a “peer perform” rating for the company. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Tuesday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $185.32.
Institutional Trading of Texas Instruments
A number of institutional investors have recently made changes to their positions in the stock. Sittner & Nelson LLC lifted its stake in Texas Instruments by 892.9% during the 1st quarter. Sittner & Nelson LLC now owns 139 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new position in shares of Texas Instruments during the first quarter worth about $28,000. Magellan Asset Management Ltd purchased a new stake in Texas Instruments in the first quarter worth approximately $32,000. Coppell Advisory Solutions Corp. bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. Finally, Godsey & Gibb Inc. purchased a new stake in Texas Instruments in the first quarter worth $36,000. 84.43% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Stock Performance
The company has a debt-to-equity ratio of 0.63, a current ratio of 5.17 and a quick ratio of 4.04. The stock has a market capitalization of $159.55 billion, a PE ratio of 19.81, a PEG ratio of 2.64 and a beta of 1.01. The business has a 50 day moving average price of $175.31 and a 200 day moving average price of $174.99.
Texas Instruments (NASDAQ:TXN – Get Free Report) last posted its earnings results on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.11. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Texas Instruments had a return on equity of 56.40% and a net margin of 42.33%. The firm’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.45 earnings per share. As a group, equities research analysts expect that Texas Instruments Incorporated will post 7.47 earnings per share for the current year.
Texas Instruments Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be issued a dividend of $1.24 per share. The ex-dividend date is Friday, July 28th. This represents a $4.96 annualized dividend and a dividend yield of 2.82%. Texas Instruments’s payout ratio is 55.73%.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.