Texas Instruments (NASDAQ:TXN) Given “Neutral” Rating at Cantor Fitzgerald

Cantor Fitzgerald restated their neutral rating on shares of Texas Instruments (NASDAQ:TXN) in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a $180.00 target price on the semiconductor company’s stock. Cantor Fitzgerald also issued estimates for Texas Instruments’ FY2024 earnings at $5.15 EPS.

Several other research analysts have also issued reports on TXN. KeyCorp increased their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a research report on Wednesday, January 24th. Truist Financial upped their price objective on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a hold rating in a research note on Wednesday. Mizuho upped their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a neutral rating in a research note on Wednesday. Susquehanna upped their price objective on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a positive rating in a research note on Wednesday. Finally, Rosenblatt Securities reaffirmed a buy rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of Hold and a consensus price target of $180.74.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $177.48 on Wednesday. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $161.52 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04. The firm has a 50-day moving average price of $169.29 and a 200 day moving average price of $162.22.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) 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 firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the business posted $1.85 earnings per share. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. Research analysts anticipate that Texas Instruments will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm 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 $1.30 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.93%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently bought and sold shares of TXN. Norges Bank acquired a new stake in Texas Instruments in the fourth quarter worth $1,649,592,000. Morgan Stanley raised its holdings in Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. California Public Employees Retirement System raised its holdings in Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after acquiring an additional 1,439,066 shares during the period. Finally, Baillie Gifford & Co. raised its holdings in shares of Texas Instruments by 338.4% during the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after acquiring an additional 1,385,725 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.