Stocks of Texas Instruments Inc. (NASDAQ:TXN) traded higher last session on Wall Street, up 0.41% to $146.92.
According to the data, Texas Instruments Inc. (NASDAQ:TXN) has 33 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $230.00 and a low of $130.00, we find $180.00. Given the previous closing price of $146.32, this indicates a potential upside of 23.02 percent. TXN stock price is now -9.16% away from the 50-day moving average and -14.32% away from the 200-day moving average. The market capitalization of the company currently stands at $133.40B.
A total of 19 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $180.62 as their price target over the next twelve months.
In other news, COX CARRIE SMITH, Director sold 16,055 shares of the company’s stock on Jul 31. The stock was sold for $2,890,542 at an average price of $180.04. Upon completion of the transaction, the Director now directly owns 35,801 shares in the company, valued at $5.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 27, Director PATSLEY PAMELA H sold 10,539 shares of the business’s stock. A total of $1,890,083 was realized by selling the stock at an average price of $179.34. This leaves the insider owning 32,662 shares of the company worth $4.8 million. Insiders disposed of 118,879 shares of company stock worth roughly $17.47 million over the past 1 year. A total of 0.14% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TXN stock. A new stake in Texas Instruments Inc. shares was purchased by UNISUPER MANAGEMENT PTY LTD during the first quarter worth $81,123,000. WOODLINE PARTNERS LP invested $43,934,000 in shares of TXN during the first quarter. In the first quarter, CAMBIAR INVESTORS LLC acquired a new stake in Texas Instruments Inc. valued at approximately $20,495,000. IA GLOBAL ASSET MANAGEMENT INC. acquired a new stake in TXN for approximately $8,762,000. CLEAR SKY ADVISERS, LLC purchased a new stake in TXN valued at around $8,081,000 in the second quarter. In total, there are 2,833 active investors with 86.39% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $146.84 for Texas Instruments Inc. (NASDAQ: TXN). During the past 12 months, Texas Instruments Inc. has had a low of $146.01 and a high of $188.12. As of last week, the company has a debt-to-equity ratio of 0.70, a current ratio of 5.72, and a quick ratio of 4.35. According to the stock market information, the enterprise value for the company is $135.67B, which is based on a 17.63 price-to-earnings ratio, a 1.76 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for TXN is $161.27 and a two-hundred day moving average price translates $171.34 for the stock.
The latest earnings results from Texas Instruments Inc. (NASDAQ: TXN) was released for Jun, 2023. According to the Semiconductors Company, earnings per share came in at $1.87, beating analysts’ expectations of $1.76 by 0.11. This compares to $2.46 EPS in the same period last year. The net profit margin was 40.64% and return on equity was 50.93% for TXN. The company reported revenue of $4.53 billion for the quarter, compared to $5.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.07 percent. For the current quarter, analysts expect TXN to generate $4.58B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/14/2023. Investors who held shares on 10/31/2023 were paid a $1.30 dividend. On an annualized basis, this represents a $5.02 dividend and a 3.41% percent yield. There was an ex-dividend date of 10/30/2023 for this dividend. In terms of dividend payout ratio, TXN is presently at 49.86%.
Texas Instruments Inc.(TXN) Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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. This segment also provides signal chain products that sense, condition, and measure signals to allow information to be transferred or converted for further processing and control, including amplifiers, data converters, interface products, motor drives, clocks, and logic and sensing products. The Embedded Processing segment offers microcontrollers that are used in electronic equipment; digital signal processors for mathematical computations; and applications processors for specific computing activity. This segment offers products for use in various markets, such as industrial, automotive, personal electronics, communications equipment, enterprise systems, and calculators and other. The company also provides DLP products primarily for use in project high-definition images; calculators; and application-specific integrated circuits. It markets and sells its semiconductor products through direct sales and distributors, as well as through its website. Texas Instruments Incorporated was founded in 1930 and is headquartered in Dallas, Texas.
