Texas Instruments (NASDAQ:TXN) Stock Rating Reaffirmed by Cantor Fitzgerald

Cantor Fitzgerald restated their neutral rating on shares of Texas Instruments (NASDAQ:TXN) in a research note published on Wednesday, Benzinga reports. Cantor Fitzgerald currently has a $210.00 price objective on the semiconductor company’s stock. Cantor Fitzgerald also issued estimates for Texas Instruments’ FY2024 earnings at $4.82 EPS.

A number of other equities research analysts also recently weighed in on TXN. TD Cowen lifted their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a hold rating in a research note on Wednesday, April 24th. KeyCorp lifted their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an overweight rating in a research note on Wednesday. Mizuho lifted their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a neutral rating in a research note on Wednesday, April 24th. Susquehanna lifted their price target on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a positive rating in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus lifted their price objective on Texas Instruments from $172.00 to $200.00 and gave the company a hold rating in a report on Thursday, July 18th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $198.64.

Texas Instruments Trading Up 2.5 %

Shares of Texas Instruments stock opened at $201.99 on Wednesday. The company’s fifty day simple moving average is $198.04 and its 200-day simple moving average is $179.86. The company has a market cap of $184.43 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 4.26 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.76 and a debt-to-equity ratio of 0.75. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $210.84.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the company posted $1.87 earnings per share. Texas Instruments’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, sell-side analysts expect that Texas Instruments will post 5.14 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be issued a $1.30 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.57%. Texas Instruments’s dividend payout ratio is 81.12%.

Insiders Place Their Bets

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total value of $18,286,320.00. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $71,009,121.33. The disclosure for this sale can be found here. In the last three months, insiders sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors have recently modified their holdings of TXN. CVA Family Office LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $61,000. Pacer Advisors Inc. grew its position in shares of Texas Instruments by 6.6% during the 4th quarter. Pacer Advisors Inc. now owns 103,012 shares of the semiconductor company’s stock worth $17,559,000 after buying an additional 6,371 shares during the period. Planned Solutions Inc. acquired a new position in shares of Texas Instruments during the 4th quarter worth about $175,000. Procyon Advisors LLC grew its position in shares of Texas Instruments by 80.7% during the 4th quarter. Procyon Advisors LLC now owns 11,016 shares of the semiconductor company’s stock worth $1,878,000 after buying an additional 4,919 shares during the period. Finally, MJP Associates Inc. ADV grew its position in shares of Texas Instruments by 53.8% during the 4th quarter. MJP Associates Inc. ADV now owns 1,946 shares of the semiconductor company’s stock worth $332,000 after buying an additional 681 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.