Several analysts have recently updated their ratings and price targets for Texas Instruments (NASDAQ: TXN):

  • 7/31/2017 – Texas Instruments had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $89.00 price target on the stock.
  • 7/27/2017 – Texas Instruments was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $92.00 price target on the stock. According to Zacks, “Texas Instruments is one of the largest suppliers of analog integrated circuits. The company’s second-quarter 2017 results beat the Zacks Consensus Estimate on earnings and revenue. For the last one year, the stock has underperformed the Zacks Semiconductor – General industry. Margins expanded and should continue to expand because of the secular strength in the auto and industrial markets, a stronger mix of analog and embedded processing products, benefits of restructuring actions and more 300mm capacity coming online. The only negatives at this point appear to be strengthening competition particularly for auto chips, given recent market consolidation. There is also the question of negative currency effect and a high debt load.”
  • 7/26/2017 – Texas Instruments had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $85.00 price target on the stock, up previously from $82.00.
  • 7/26/2017 – Texas Instruments had its price target raised by analysts at Drexel Hamilton from $93.00 to $95.00. They now have a “buy” rating on the stock.
  • 7/26/2017 – Texas Instruments had its price target raised by analysts at Citigroup Inc. from $87.00 to $97.00. They now have a “buy” rating on the stock.
  • 7/26/2017 – Texas Instruments had its price target raised by analysts at Royal Bank Of Canada from $95.00 to $96.00. They now have an “outperform” rating on the stock.
  • 7/26/2017 – Texas Instruments had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $93.00 price target on the stock, up previously from $91.00.
  • 7/26/2017 – Texas Instruments had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $86.00 price target on the stock, up previously from $84.00.
  • 7/26/2017 – Texas Instruments had its “hold” rating reaffirmed by analysts at Loop Capital. They now have a $84.00 price target on the stock, up previously from $79.00.
  • 7/26/2017 – Texas Instruments had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $89.00 price target on the stock, up previously from $83.00.
  • 7/26/2017 – Texas Instruments had its price target lowered by analysts at Barclays PLC from $78.00 to $83.00.
  • 7/26/2017 – Texas Instruments had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $83.00 price target on the stock, up previously from $78.00.
  • 7/25/2017 – Texas Instruments was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/18/2017 – Texas Instruments had its price target raised by analysts at Barclays PLC from $77.00 to $83.00. They now have an “equal weight” rating on the stock.
  • 7/17/2017 – Texas Instruments was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Texas Instruments is one of the largest suppliers of analog integrated circuits. The company’s first-quarter 2017 results beat the Zacks Consensus Estimate on earnings and revenue. For the last one year, the stock has underperformed the Zacks Semiconductor – General industry. Margins expanded and should continue to expand because of the secular strength in the auto and industrial markets, a stronger mix of analog and embedded processing products, benefits of restructuring actions and more 300mm capacity coming online. The only negatives at this point appear to be strengthening competition particularly for auto chips, given recent market consolidation. There is also the question of negative currency effect and a high debt load.”
  • 7/14/2017 – Texas Instruments had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $82.00 price target on the stock.
  • 7/10/2017 – Texas Instruments had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
  • 6/28/2017 – Texas Instruments was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Texas Instruments is one of the largest suppliers of analog integrated circuits. The company’s first-quarter 2017 results beat the Zacks Consensus Estimate on earnings and revenue. For the last one year, the stock has underperformed the Zacks Semiconductor – General industry. Margins expanded and should continue to expand because of the secular strength in the auto and industrial markets, a stronger mix of analog and embedded processing products, benefits of restructuring actions and more 300mm capacity coming online. The only negatives at this point appear to be strengthening competition particularly for auto chips, given recent market consolidation. There is also the question of negative currency effect and a high debt load.”
  • 6/16/2017 – Texas Instruments had its “mkt perform” rating reaffirmed by analysts at Raymond James Financial, Inc..

Texas Instruments Incorporated (TXN) traded up 0.82% during midday trading on Friday, reaching $81.02. 1,572,911 shares of the company traded hands. Texas Instruments Incorporated has a 12-month low of $66.30 and a 12-month high of $84.65. The company has a 50 day moving average of $80.19 and a 200-day moving average of $79.63. The stock has a market capitalization of $80.21 billion, a P/E ratio of 20.27 and a beta of 1.21.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the firm earned $0.76 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Equities analysts anticipate that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, July 27th. Texas Instruments’s payout ratio is currently 50.51%.

In related news, Director Robert E. Sanchez sold 26,905 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $81.48, for a total transaction of $2,192,219.40. Following the transaction, the director now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 201,440 shares in the company, valued at $16,334,769.60. The disclosure for this sale can be found here. Insiders have sold 90,905 shares of company stock worth $7,398,219 over the last three months. 0.96% of the stock is owned by insiders.

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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