Texas Instruments’ (TXN) Neutral Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reissued their neutral rating on shares of Texas Instruments (NASDAQ:TXN) in a research report report published on Wednesday morning, The Fly reports. The firm currently has a $155.00 target price on the semiconductor company’s stock, up from their prior target price of $140.00.

Several other equities research analysts have also commented on the company. Morgan Stanley upped their price target on Texas Instruments from $121.00 to $130.00 and gave the stock an underweight rating in a research note on Monday, October 19th. Deutsche Bank Aktiengesellschaft upped their price target on Texas Instruments from $125.00 to $135.00 and gave the stock a hold rating in a research note on Thursday, October 15th. BidaskClub upgraded Texas Instruments from a hold rating to a buy rating in a research note on Friday, October 2nd. Cascend Securities upped their price target on Texas Instruments from $160.00 to $170.00 and gave the stock a buy rating in a research note on Monday, October 19th. Finally, Oppenheimer upped their price target on Texas Instruments from $150.00 to $170.00 and gave the stock an outperform rating in a research note on Friday, October 16th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $150.14.

Texas Instruments stock opened at $149.96 on Wednesday. The firm 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. The stock has a fifty day moving average price of $143.44 and a 200 day moving average price of $128.88. Texas Instruments has a 52 week low of $93.09 and a 52 week high of $155.88. The company has a current ratio of 3.92, a quick ratio of 2.94 and a debt-to-equity ratio of 0.82.

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

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

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

Several institutional investors have recently made changes to their positions in TXN. Nordea Investment Management AB increased its position in Texas Instruments by 112.1% in the 2nd quarter. Nordea Investment Management AB now owns 3,610,394 shares of the semiconductor company’s stock valued at $458,520,000 after acquiring an additional 1,907,982 shares during the period. FIL Ltd increased its position in Texas Instruments by 1,697.6% in the 2nd quarter. FIL Ltd now owns 1,897,730 shares of the semiconductor company’s stock valued at $240,954,000 after acquiring an additional 1,792,160 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Texas Instruments in the 2nd quarter valued at approximately $142,131,000. State Street Corp increased its position in Texas Instruments by 1.9% in the 1st quarter. State Street Corp now owns 40,874,487 shares of the semiconductor company’s stock valued at $4,084,587,000 after acquiring an additional 770,202 shares during the period. Finally, London Co. of Virginia increased its position in Texas Instruments by 30.1% in the 2nd quarter. London Co. of Virginia now owns 2,464,053 shares of the semiconductor company’s stock valued at $312,861,000 after acquiring an additional 569,891 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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