Headlines about Texas Instruments (NASDAQ:TXN) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Texas Instruments earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 47.0014962447555 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern’s rankings:
- Industry’s first zero-drift, nanopower amplifier combines ultra-high precision with the lowest power consumption (finance.yahoo.com)
- TI broadens 4K UHD display possibilities with newly expanded portfolio of DLP® Products (finance.yahoo.com)
- Bustling Stocks: Texas Instruments Incorporated (NASDAQ:TXN) – Market Breaking Point (press release) (journalfinance.net)
- Texas Instruments Incorporated (NASDAQ: TXN) – Today’s Hot Mover – Alpha Beta Stock (alphabetastock.com)
- Can Texas Instruments Be Your Choice In The Expensive IT Sector? – Seeking Alpha (seekingalpha.com)
TXN has been the subject of a number of recent research reports. Bank of America boosted their price target on shares of Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. SunTrust Banks reissued a “hold” rating and set a $86.00 price target on shares of Texas Instruments in a research note on Thursday, October 12th. Oppenheimer reissued a “buy” rating and set a $110.00 price target (up from $92.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Robert W. Baird boosted their price target on shares of Texas Instruments from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $85.00 price target on shares of Texas Instruments in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $93.85.
Texas Instruments (NASDAQ:TXN) last released its quarterly 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 company had revenue of $4.12 billion during 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 business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. equities research analysts forecast that Texas Instruments will post 4.36 EPS for the current fiscal year.
Texas Instruments declared that its board has authorized a stock buyback plan on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 74% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Monday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s dividend payout ratio is 56.49%.
In related news, insider R Gregory Delagi sold 238,750 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the completion of the transaction, the insider now owns 189,234 shares in the company, valued at $18,438,960.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Blinn sold 16,990 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the transaction, the director now owns 18,495 shares of the company’s stock, valued at approximately $1,783,657.80. The disclosure for this sale can be found here. Insiders sold 1,362,293 shares of company stock valued at $131,754,396 in the last quarter. Corporate insiders own 0.96% of the company’s stock.
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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.
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