Cantor Fitzgerald Reaffirms Neutral Rating for Texas Instruments (NASDAQ:TXN)

Cantor Fitzgerald restated their neutral rating on shares of Texas Instruments (NASDAQ:TXN) in a research report sent to investors 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.

TXN has been the subject of several other reports. Morgan Stanley increased their target price on Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a research note on Wednesday, January 24th. Benchmark reiterated a buy rating and set a $210.00 target price on shares of Texas Instruments in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on Texas Instruments from $180.00 to $195.00 and gave the company an overweight rating in a research note on Wednesday. TD Cowen increased their target price on Texas Instruments from $160.00 to $175.00 and gave the company a hold rating in a research note on Wednesday. Finally, Mizuho increased their target price on Texas Instruments from $164.00 to $170.00 and gave the company a neutral rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments presently has an average rating of Hold and a consensus target price of $180.74.

Texas Instruments Stock Up 1.3 %

TXN opened at $177.48 on Wednesday. The firm has a 50 day moving average price of $169.29 and a 200 day moving average price of $162.25. The company has a market cap of $161.59 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.75 and a beta of 1.04. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the company earned $1.85 earnings per share. Texas Instruments’s revenue for the quarter was down 16.4% on a year-over-year basis. Sell-side analysts expect that Texas Instruments will post 5.2 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s payout ratio is 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was 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 Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after purchasing an additional 458,853 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Texas Instruments by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after purchasing an additional 1,154,513 shares during the period. Morgan Stanley increased its holdings in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. Franklin Resources Inc. increased its holdings in shares of Texas Instruments by 10.1% during the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after purchasing an additional 1,095,303 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Texas Instruments by 2.9% during the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after purchasing an additional 315,302 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

About Texas Instruments

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.