Texas Instruments Incorporated (NASDAQ:TXN) Receives Consensus Recommendation of “Hold” from Brokerages

Texas Instruments Incorporated (NASDAQ:TXN) has received a consensus recommendation of “Hold” from the twenty-two brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $209.20.

TXN has been the topic of a number of research analyst reports. Truist Financial cut their price target on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Mizuho cut their price target on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Barclays cut their price target on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Finally, Wells Fargo & Company cut their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ascent Group LLC increased its stake in Texas Instruments by 8.1% in the 4th quarter. Ascent Group LLC now owns 10,518 shares of the semiconductor company’s stock valued at $1,972,000 after buying an additional 784 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Texas Instruments by 7.8% during the 4th quarter. Mackenzie Financial Corp now owns 727,842 shares of the semiconductor company’s stock worth $136,478,000 after purchasing an additional 52,389 shares during the last quarter. Forum Financial Management LP increased its stake in shares of Texas Instruments by 30.2% during the 4th quarter. Forum Financial Management LP now owns 8,570 shares of the semiconductor company’s stock worth $1,607,000 after purchasing an additional 1,986 shares during the last quarter. Griffith & Werner Inc. purchased a new stake in shares of Texas Instruments during the 4th quarter worth approximately $493,000. Finally, Sunbeam Capital Management LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth approximately $135,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $202.00 on Monday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments has a twelve month low of $159.11 and a twelve month high of $220.38. The stock has a market cap of $183.89 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 3.30 and a beta of 0.97. The company’s fifty day moving average is $188.44 and its 200 day moving average is $197.59.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period in the previous year, the business earned $1.49 EPS. Sell-side analysts forecast that Texas Instruments will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.69%. Texas Instruments’s dividend payout ratio is presently 104.82%.

About Texas Instruments

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.