Texas Instruments’ (TXN) “Buy” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a report released on Wednesday, Borsen Zeitung reports. JPMorgan Chase & Co. currently has a $130.00 price target on the semiconductor company’s stock.

Other research analysts also recently issued reports about the stock. Sanford C. Bernstein downgraded shares of Texas Instruments from an outperform rating to a market perform rating and set a $108.00 price objective on the stock. in a research report on Monday, March 25th. Rosenblatt Securities reissued a buy rating and set a $120.00 price objective on shares of Texas Instruments in a research report on Monday, April 22nd. Zacks Investment Research downgraded shares of Texas Instruments from a hold rating to a sell rating in a report on Tuesday, January 15th. BidaskClub raised shares of Texas Instruments from a sell rating to a hold rating in a report on Sunday, January 13th. Finally, Jefferies Financial Group reaffirmed a buy rating and issued a $137.00 target price (down previously from $139.00) on shares of Texas Instruments in a report on Thursday, January 24th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $112.18.

Shares of Texas Instruments stock opened at $117.21 on Wednesday. Texas Instruments has a 1 year low of $87.70 and a 1 year high of $119.32. The company has a current ratio of 3.68, a quick ratio of 2.38 and a debt-to-equity ratio of 0.59. The firm has a market cap of $110.02 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 2.25 and a beta of 1.17.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.09. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same period last year, the firm posted $1.35 EPS. Texas Instruments’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, research analysts forecast that Texas Instruments will post 5.16 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Friday, May 3rd. Texas Instruments’s dividend payout ratio is currently 56.83%.

In related news, Chairman Richard K. Templeton sold 90,842 shares of the business’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $101.14, for a total transaction of $9,187,759.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Ahmad Bahai sold 5,165 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $107.30, for a total transaction of $554,204.50. Following the sale, the vice president now directly owns 41,911 shares in the company, valued at approximately $4,497,050.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 225,023 shares of company stock worth $23,320,068. 0.89% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Green Square Capital LLC acquired a new position in Texas Instruments during the fourth quarter worth about $1,354,000. Highwater Wealth Management LLC acquired a new position in Texas Instruments during the fourth quarter worth about $34,000. Bahl & Gaynor Inc. raised its position in Texas Instruments by 47.9% during the fourth quarter. Bahl & Gaynor Inc. now owns 2,794,033 shares of the semiconductor company’s stock worth $264,036,000 after acquiring an additional 904,477 shares during the last quarter. Morgan Stanley raised its position in Texas Instruments by 12.1% during the third quarter. Morgan Stanley now owns 5,941,759 shares of the semiconductor company’s stock worth $637,490,000 after acquiring an additional 642,841 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in Texas Instruments by 1.2% during the fourth quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock worth $839,000 after acquiring an additional 105 shares during the last quarter. 86.64% of the stock is currently owned by hedge funds and other institutional investors.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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