Texas Instruments (NASDAQ:TXN) Now Covered by Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Texas Instruments (NASDAQ:TXN) in a report published on Friday, Marketbeat.com reports. The firm issued an equal weight rating and a $215.00 price objective on the semiconductor company’s stock.

A number of other equities analysts have also issued reports on the stock. Mizuho set a $200.00 target price on shares of Texas Instruments in a research report on Friday, October 18th. Evercore ISI upped their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Robert W. Baird cut their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $210.05.

Texas Instruments Stock Up 2.5 %

Texas Instruments stock opened at $202.93 on Friday. 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 has a 1-year low of $151.27 and a 1-year high of $220.38. The firm’s fifty day simple moving average is $204.54 and its 200-day simple moving average is $200.61. The company has a market capitalization of $185.12 billion, a P/E ratio of 37.72, a P/E/G ratio of 4.33 and a beta of 0.99.

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

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments’s payout ratio is currently 101.12%.

Insider Activity

In related news, 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 value of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC increased its holdings in shares of Texas Instruments by 11.1% in the third quarter. Tidal Investments LLC now owns 47,083 shares of the semiconductor company’s stock worth $9,726,000 after acquiring an additional 4,690 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Texas Instruments by 156.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 45,969 shares of the semiconductor company’s stock valued at $9,496,000 after purchasing an additional 28,012 shares during the period. Arvest Bank Trust Division bought a new stake in Texas Instruments during the 3rd quarter worth approximately $2,470,000. World Investment Advisors LLC lifted its stake in Texas Instruments by 156.4% in the third quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company’s stock valued at $1,444,000 after buying an additional 4,266 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Texas Instruments by 12.7% in the third quarter. Sanctuary Advisors LLC now owns 170,670 shares of the semiconductor company’s stock valued at $33,793,000 after buying an additional 19,284 shares during the period. 84.99% of the stock is owned by institutional investors.

Texas Instruments Company Profile

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.