Texas Instruments (TXN) Receiving Somewhat Positive News Coverage, Study Finds
News coverage about Texas Instruments (NASDAQ:TXN) has trended somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Texas Instruments earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 46.3097767879088 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Texas Instruments Incorporated (TXN) Stock Busy in Financial Matters- LKQ Corporation (LKQ) – Investing News Update (investingbizz.com)
- Texas Instruments Incorporated (TXN) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Sumitomo Mitsui Trust Holdings, Inc. Adjusts Its Holdings in Texas Instruments Incorporated (TXN) – First News 24 (firstnewspaper24.com)
- Sumitomo Mitsui Trust Holdings, Inc. Buys A Little More Texas Instruments Incorporated (TXN) Stock – Modern Readers (modernreaders.com)
- Texas Instruments Incorporated (TXN) Director Sells $2192219.40 in Stock (overnewsmagazine.com)
TXN has been the topic of several recent research reports. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Texas Instruments in a report on Tuesday, April 25th. Jefferies Group LLC upped their price target on shares of Texas Instruments from $88.00 to $94.00 and gave the company a “buy” rating in a report on Friday, April 28th. Robert W. Baird upped their price target on shares of Texas Instruments from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, April 26th. Vetr downgraded shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price target on the stock. in a report on Tuesday, April 18th. Finally, Zacks Investment Research downgraded shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $85.96.
Shares of Texas Instruments (NASDAQ TXN) traded down 0.21% on Wednesday, hitting $82.28. 4,274,007 shares of the stock traded hands. The stock has a market cap of $81.60 billion, a price-to-earnings ratio of 20.45 and a beta of 1.21. Texas Instruments has a 12-month low of $66.30 and a 12-month high of $84.65. The stock has a 50-day moving average price of $79.99 and a 200 day moving average price of $79.41.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.07. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. On average, analysts anticipate that Texas Instruments will post $4.13 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, July 27th. Texas Instruments’s dividend payout ratio is 50.51%.
In other news, Director Robert E. Sanchez sold 26,905 shares of Texas Instruments stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $81.48, for a total value of $2,192,219.40. Following the transaction, the director now owns 27,565 shares of the company’s stock, valued at $2,245,996.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of Texas Instruments stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the completion of the transaction, the chief operating officer now directly owns 201,440 shares in the company, valued at approximately $16,334,769.60. The disclosure for this sale can be found here. In the last three months, insiders sold 257,685 shares of company stock worth $20,816,827. Insiders own 0.96% of the company’s stock.
About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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