Texas Instruments’ (TXN) Buy Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a research report report published on Wednesday, April 24th, Borsen Zeitung reports. JPMorgan Chase & Co. currently has a $130.00 price objective on the semiconductor company’s stock.

A number of other research analysts also recently issued reports on the company. BMO Capital Markets reissued a buy rating and issued a $120.00 price target on shares of Texas Instruments in a report on Thursday, January 24th. Jefferies Financial Group reissued a buy rating and issued a $137.00 price target (down from $139.00) on shares of Texas Instruments in a report on Thursday, January 24th. ValuEngine raised Texas Instruments from a hold rating to a buy rating in a report on Wednesday, February 13th. Rosenblatt Securities restated a buy rating and issued a $120.00 price objective on shares of Texas Instruments in a research report on Monday, April 22nd. Finally, Morgan Stanley restated an equal weight rating and issued a $100.00 price objective (down from $103.00) on shares of Texas Instruments in a research report on Thursday, January 24th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the stock. Texas Instruments presently has an average rating of Hold and a consensus target price of $111.18.

TXN traded down $2.42 on Wednesday, hitting $106.79. The company had a trading volume of 6,148,533 shares, compared to its average volume of 5,554,949. Texas Instruments has a 12-month low of $87.70 and a 12-month high of $119.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.68 and a quick ratio of 2.70. The firm has a market capitalization of $100.19 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the 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 the consensus estimate of $3.48 billion. During the same quarter last year, the company earned $1.35 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Texas Instruments will post 5.16 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 6th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.88%. The ex-dividend date is Friday, May 3rd. Texas Instruments’s payout ratio is currently 56.83%.

In other news, Director Carrie Smith Cox sold 17,002 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $116.08, for a total value of $1,973,592.16. Following the transaction, the director now owns 40,299 shares of the company’s stock, valued at approximately $4,677,907.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 475,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $117.38, for a total value of $55,755,500.00. Following the transaction, the chairman now directly owns 930,287 shares in the company, valued at approximately $109,197,088.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 879,332 shares of company stock valued at $103,024,864. 0.89% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. M Holdings Securities Inc. purchased a new stake in Texas Instruments during the 1st quarter worth about $216,000. B. Riley Wealth Management Inc. increased its holdings in Texas Instruments by 14.3% during the 1st quarter. B. Riley Wealth Management Inc. now owns 2,445 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 305 shares during the period. Weiss Asset Management LP purchased a new stake in Texas Instruments during the 1st quarter worth about $202,000. Horizon Investments LLC purchased a new position in shares of Texas Instruments in the 1st quarter valued at about $443,000. Finally, Merit Financial Group LLC increased its holdings in shares of Texas Instruments by 16.7% in the 1st quarter. Merit Financial Group LLC now owns 4,699 shares of the semiconductor company’s stock valued at $498,000 after acquiring an additional 674 shares during the last quarter. 86.72% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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