Texas Instruments (NASDAQ:TXN) Rating Reiterated by Sanford C. Bernstein

Sanford C. Bernstein reiterated their neutral rating on shares of Texas Instruments (NASDAQ:TXN) in a research report sent to investors on Wednesday morning, AR Network reports. Sanford C. Bernstein currently has a $145.00 target price on the semiconductor company’s stock.

Several other equities analysts also recently issued reports on TXN. Stifel Nicolaus raised their price target on shares of Texas Instruments from $140.00 to $160.00 and gave the company a hold rating in a research note on Thursday, October 15th. Royal Bank of Canada reissued a neutral rating and set a $155.00 target price (up previously from $140.00) on shares of Texas Instruments in a research note on Wednesday. Mizuho lifted their target price on shares of Texas Instruments from $127.00 to $165.00 and gave the stock a neutral rating in a research note on Friday, October 16th. Citigroup lifted their target price on shares of Texas Instruments from $138.00 to $155.00 and gave the stock a buy rating in a research note on Wednesday, July 22nd. Finally, DZ Bank raised shares of Texas Instruments from a hold rating to a buy rating and set a $158.00 target price for the company in a research note on Thursday, July 23rd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. Texas Instruments has an average rating of Hold and an average price target of $150.14.

TXN stock opened at $149.96 on Wednesday. The company has a fifty day moving average price of $143.44 and a 200-day moving average price of $128.88. The company has a market capitalization of $137.35 billion, a P/E 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. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.94 and a current ratio of 3.92.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 20th. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.17. The firm had revenue of $3.82 billion during 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 company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.49 earnings per share. As a group, sell-side analysts forecast that Texas Instruments will post 5.15 earnings per share for the current fiscal year.

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

In related news, VP Darla H. Whitaker sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $138.52, for a total transaction of $5,540,800.00. Following the transaction, the vice president now directly owns 89,524 shares in the company, valued at $12,400,864.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Pamela H. Patsley sold 12,156 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $132.18, for a total transaction of $1,606,780.08. Following the transaction, the director now owns 43,082 shares in the company, valued at $5,694,578.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 183,240 shares of company stock worth $24,454,298. 0.73% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. boosted its holdings in Texas Instruments by 3.1% during the second quarter. Wedbush Securities Inc. now owns 6,500 shares of the semiconductor company’s stock worth $825,000 after purchasing an additional 194 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Texas Instruments by 5.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 27,843 shares of the semiconductor company’s stock worth $3,536,000 after acquiring an additional 1,440 shares during the period. Private Advisor Group LLC raised its position in Texas Instruments by 14.5% in the second quarter. Private Advisor Group LLC now owns 29,561 shares of the semiconductor company’s stock worth $3,753,000 after acquiring an additional 3,741 shares during the period. Metropolis Capital Ltd raised its position in Texas Instruments by 35.3% in the second quarter. Metropolis Capital Ltd now owns 753,924 shares of the semiconductor company’s stock worth $95,726,000 after acquiring an additional 196,747 shares during the period. Finally, Arden Trust Co raised its position in Texas Instruments by 11.6% in the second quarter. Arden Trust Co now owns 9,154 shares of the semiconductor company’s stock worth $1,162,000 after acquiring an additional 952 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

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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