BidaskClub upgraded shares of Texas Instruments Incorporated (NASDAQ:TXN) from a buy rating to a strong-buy rating in a report published on Saturday.

Other research analysts have also recently issued reports about the stock. Drexel Hamilton lifted their price objective on shares of Texas Instruments from $93.00 to $95.00 and gave the company a buy rating in a research note on Wednesday, July 26th. B. Riley reaffirmed a neutral rating and set a $89.00 target price on shares of Texas Instruments in a research note on Monday, July 31st. Cowen and Company reaffirmed a market perform rating and set a $85.00 target price (up previously from $82.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Barclays PLC decreased their target price on shares of Texas Instruments from $78.00 to $83.00 in a research note on Wednesday, July 26th. Finally, Citigroup Inc boosted their target price on shares of Texas Instruments from $87.00 to $97.00 and gave the stock a buy rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Texas Instruments has a consensus rating of Buy and an average target price of $85.96.

Shares of Texas Instruments (NASDAQ:TXN) opened at 82.54 on Friday. The company has a market capitalization of $81.72 billion, a price-to-earnings ratio of 20.65 and a beta of 1.20. The company’s 50-day moving average price is $81.50 and its 200-day moving average price is $80.17. Texas Instruments has a 52-week low of $66.30 and a 52-week high of $84.65.

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

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The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.00 annualized dividend and a dividend yield of 2.42%. Texas Instruments’s dividend payout ratio is currently 50.51%.

In other news, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the transaction, the director now owns 38,435 shares in the company, valued at $3,161,278.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the company’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 owns 201,440 shares in the company, valued at approximately $16,334,769.60. The disclosure for this sale can be found here. Insiders have sold 211,301 shares of company stock worth $17,259,256 in the last quarter. Company insiders own 0.96% of the company’s stock.

Large investors have recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new stake in shares of Texas Instruments during the first quarter worth about $101,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Texas Instruments by 18.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 200 shares in the last quarter. ClariVest Asset Management LLC increased its position in shares of Texas Instruments by 8.4% during the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after acquiring an additional 100 shares in the last quarter. Balentine LLC increased its position in shares of Texas Instruments by 6.5% during the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 80 shares in the last quarter. Finally, MV Capital Management Inc. increased its position in shares of Texas Instruments by 7.6% during the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 93 shares in the last quarter. 83.69% of the stock is owned by institutional investors.

Texas Instruments Company Profile

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.

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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