Texas Instruments’ (TXN) “Market Perform” Rating Reaffirmed at Oppenheimer

Oppenheimer restated their market perform rating on shares of Texas Instruments (NASDAQ:TXN) in a report published on Wednesday, Benzinga reports.

Several other research analysts have also commented on TXN. Evercore ISI initiated coverage on shares of Texas Instruments in a report on Tuesday, April 16th. They issued an outperform rating and a $213.00 price target for the company. Barclays reduced their price target on shares of Texas Instruments from $160.00 to $150.00 and set an equal weight rating for the company in a research note on Wednesday, January 24th. KeyCorp boosted their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a report on Wednesday, January 24th. Rosenblatt Securities restated a buy rating and set a $210.00 price target on shares of Texas Instruments in a report on Wednesday. Finally, Susquehanna cut their price target on shares of Texas Instruments from $205.00 to $200.00 and set a positive rating on the stock in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $180.74.

Texas Instruments Price Performance

TXN opened at $177.48 on Wednesday. The company has a 50-day moving average of $169.29 and a 200-day moving average of $162.25. The company has a market capitalization of $161.59 billion, a P/E ratio of 27.69, a PEG ratio of 3.75 and a beta of 1.04. Texas Instruments has a 1-year low of $139.48 and a 1-year high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the firm earned $1.85 EPS. The company’s revenue was down 16.4% on a year-over-year basis. Equities analysts expect that Texas Instruments will post 5.2 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.68% of the stock is owned by insiders.

Institutional Trading of Texas Instruments

Several large investors have recently modified their holdings of the company. Annapolis Financial Services LLC raised its stake in Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of Texas Instruments during the 3rd quarter worth about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $26,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $26,000. 84.99% of the stock is owned by institutional investors.

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.