Texas Instruments (TXN) Receiving Somewhat Favorable News Coverage, Study Finds

News headlines about Texas Instruments (NASDAQ:TXN) have been trending somewhat positive on Friday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Texas Instruments earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 46.7279278609869 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern’s rankings:

Texas Instruments (NASDAQ:TXN) traded up $0.42 during midday trading on Friday, hitting $116.83. 6,370,000 shares of the stock traded hands, compared to its average volume of 5,170,000. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28. Texas Instruments has a twelve month low of $73.87 and a twelve month high of $119.98. The stock has a market capitalization of $115,140.00, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 2.72 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 earnings per share. analysts forecast that Texas Instruments will post 4.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Wednesday, January 31st will be issued a $0.62 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $2.48 annualized dividend and a yield of 2.12%. Texas Instruments’s dividend payout ratio (DPR) is 56.49%.

Texas Instruments announced that its Board of Directors has authorized a stock buyback plan on Thursday, September 21st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 74% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several research analysts have weighed in on TXN shares. SunTrust Banks reaffirmed a “hold” rating and set a $96.00 target price on shares of Texas Instruments in a research note on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $98.00 target price (up previously from $85.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. B. Riley reaffirmed a “hold” rating and set a $97.00 target price (up previously from $89.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 target price for the company in a research note on Friday, October 20th. Finally, Barclays increased their target price on shares of Texas Instruments from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Texas Instruments presently has a consensus rating of “Hold” and an average price target of $98.66.

In related news, Director Mark A. Blinn sold 16,990 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $96.44, for a total value of $1,638,515.60. Following the sale, the director now owns 18,495 shares of the company’s stock, valued at $1,783,657.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard K. Templeton sold 190,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $96.88, for a total transaction of $18,407,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,137,056 shares in the company, valued at approximately $110,157,985.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,362,293 shares of company stock worth $131,754,396. 0.96% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Texas Instruments (NASDAQ:TXN)

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