Texas Instruments (NASDAQ:TXN) Given Buy Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a report issued on Wednesday morning, Analyst Ratings Network reports. JPMorgan Chase & Co. currently has a $165.00 target price on the semiconductor company’s stock.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus raised their price objective on shares of Texas Instruments from $140.00 to $160.00 and gave the stock a hold rating in a report on Thursday, October 15th. Credit Suisse Group raised their price objective on shares of Texas Instruments from $140.00 to $155.00 and gave the stock an outperform rating in a report on Wednesday, July 22nd. BMO Capital Markets raised their price objective on shares of Texas Instruments from $150.00 to $165.00 and gave the stock an outperform rating in a report on Wednesday, July 22nd. Barclays raised their price objective on shares of Texas Instruments from $105.00 to $120.00 and gave the stock an underweight rating in a report on Monday, July 20th. Finally, BidaskClub raised shares of Texas Instruments from a hold rating to a buy rating in a report on Friday, October 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $150.14.

Shares of NASDAQ TXN opened at $149.96 on Wednesday. The firm’s 50-day moving average price is $143.44 and its 200-day moving average price is $128.88. The company has a quick ratio of 2.94, a current ratio of 3.92 and a debt-to-equity ratio of 0.82. The company has a market cap of $137.35 billion, a PE ratio of 28.35, a PEG ratio of 3.15 and a beta of 1.14. Texas Instruments has a 52-week low of $93.09 and a 52-week high of $155.88.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 20th. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.17. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.45 billion. Texas Instruments had a net margin of 36.83% and a return on equity of 60.61%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.49 EPS. As a group, equities research analysts anticipate that Texas Instruments will post 5.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.72%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.90. Texas Instruments’s dividend payout ratio (DPR) is presently 68.70%.

In related news, VP Amichai Ron sold 8,530 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $135.22, for a total value of $1,153,426.60. Following the completion of the transaction, the vice president now directly owns 32,997 shares of the company’s stock, valued at $4,461,854.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Bing Xie sold 53,800 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $130.92, for a total transaction of $7,043,496.00. Following the completion of the transaction, the senior vice president now directly owns 76,096 shares of the company’s stock, valued at $9,962,488.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 183,240 shares of company stock worth $24,454,298. Company insiders own 0.73% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Price Wealth LLC grew its holdings in shares of Texas Instruments by 98.2% in the third quarter. Price Wealth LLC now owns 218 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 108 shares in the last quarter. Crewe Advisors LLC purchased a new position in Texas Instruments during the third quarter worth $32,000. Newfound Research LLC purchased a new position in Texas Instruments during the third quarter worth $34,000. Toth Financial Advisory Corp purchased a new position in Texas Instruments during the second quarter worth $31,000. Finally, JJJ Advisors Inc. boosted its stake in Texas Instruments by 243.1% during the third quarter. JJJ Advisors Inc. now owns 247 shares of the semiconductor company’s stock worth $35,000 after buying an additional 175 shares during the period. 82.91% of the stock is owned by hedge funds and other institutional investors.

About Texas Instruments

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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