Recent Research Analysts’ Ratings Changes for Texas Instruments (TXN)

Posted by Defense World Staff on Nov 1st, 2024

A number of research firms have changed their ratings and price targets for Texas Instruments (NASDAQ: TXN):

10/23/2024 – Texas Instruments had its price target raised by analysts at Morgan Stanley from $154.00 to $167.00. They now have an “underweight” rating on the stock.
10/23/2024 – Texas Instruments had its price target raised by analysts at Evercore ISI from $268.00 to $298.00. They now have an “outperform” rating on the stock.
10/23/2024 – Texas Instruments had its price target lowered by analysts at Bank of America Co. from $220.00 to $215.00. They now have a “neutral” rating on the stock.
10/23/2024 – Texas Instruments had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $200.00 price target on the stock.
10/23/2024 – Texas Instruments had its price target lowered by analysts at Robert W. Baird from $200.00 to $175.00. They now have a “neutral” rating on the stock.
10/23/2024 – Texas Instruments had its price target lowered by analysts at Truist Financial Co. from $198.00 to $190.00. They now have a “hold” rating on the stock.
10/23/2024 – Texas Instruments had its price target lowered by analysts at Barclays PLC from $210.00 to $200.00. They now have an “equal weight” rating on the stock.
10/23/2024 – Texas Instruments had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $230.00 price target on the stock.
10/23/2024 – Texas Instruments had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $250.00 price target on the stock.
10/23/2024 – Texas Instruments was upgraded by analysts at Summit Insights from a “hold” rating to a “buy” rating.
10/21/2024 – Texas Instruments had its price target lowered by analysts at Susquehanna from $250.00 to $240.00. They now have a “positive” rating on the stock.
10/18/2024 – Texas Instruments was given a new $200.00 price target on by analysts at Mizuho.
10/14/2024 – Texas Instruments had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $250.00 price target on the stock.
10/8/2024 – Texas Instruments had its price target lowered by analysts at Cantor Fitzgerald from $210.00 to $200.00. They now have a “neutral” rating on the stock.

Texas Instruments Price Performance

TXN stock opened at $203.16 on Friday. The stock has a 50-day moving average price of $203.91 and a two-hundred day moving average price of $196.36. Texas Instruments Incorporated has a 1 year low of $140.03 and a 1 year high of $214.66. The stock has a market cap of $184.97 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 4.52 and a beta of 0.98. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN – Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.68%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio is presently 84.87%.

Insiders Place Their Bets

In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $5,341,235 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. Capital Research Global Investors increased its position in shares of Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after buying an additional 1,279,828 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Texas Instruments by 454.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after purchasing an additional 1,029,741 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock valued at $126,718,000 after acquiring an additional 609,905 shares during the period. Vanguard Group Inc. boosted its stake in shares of Texas Instruments by 0.6% during the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after purchasing an additional 536,206 shares during the period. Finally, National Bank of Canada FI boosted its position in Texas Instruments by 234.1% during the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company’s stock valued at $144,423,000 after buying an additional 520,073 shares during the period. 84.99% of the stock is owned by institutional investors.

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. 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.