Texas Instruments (NASDAQ:TXN) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a research report report published on Tuesday morning,Benzinga reports. Rosenblatt Securities currently has a $250.00 target price on the semiconductor company’s stock.

A number of other research firms also recently issued reports on TXN. Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Susquehanna lowered their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Mizuho set a $200.00 target price on shares of Texas Instruments in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $210.45.

Texas Instruments Stock Performance

Shares of TXN stock opened at $195.23 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments has a 52 week low of $155.46 and a 52 week high of $220.38. The company has a market capitalization of $178.09 billion, a P/E ratio of 36.29, a price-to-earnings-growth ratio of 3.74 and a beta of 0.98. The company’s 50 day moving average price is $194.32 and its two-hundred day moving average price is $199.61.

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

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $1.36 per share. The ex-dividend date is Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 2.79%. Texas Instruments’s dividend payout ratio is 101.12%.

Insider Buying and Selling

In related news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Novare Capital Management LLC lifted its holdings in shares of Texas Instruments by 1.3% in the fourth quarter. Novare Capital Management LLC now owns 78,993 shares of the semiconductor company’s stock worth $14,812,000 after acquiring an additional 1,015 shares during the last quarter. Clarendon Private LLC bought a new position in shares of Texas Instruments in the fourth quarter worth about $495,000. Precedent Wealth Partners LLC lifted its holdings in shares of Texas Instruments by 1.1% in the fourth quarter. Precedent Wealth Partners LLC now owns 6,551 shares of the semiconductor company’s stock worth $1,228,000 after acquiring an additional 70 shares during the last quarter. Olstein Capital Management L.P. lifted its holdings in shares of Texas Instruments by 4.9% in the fourth quarter. Olstein Capital Management L.P. now owns 21,500 shares of the semiconductor company’s stock worth $4,031,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Monte Financial Group LLC lifted its holdings in shares of Texas Instruments by 1.8% in the fourth quarter. Monte Financial Group LLC now owns 33,167 shares of the semiconductor company’s stock worth $6,219,000 after acquiring an additional 575 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

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.