News coverage about Texas Instruments (NASDAQ:TXN) has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Texas Instruments earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 78 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Texas Instruments : New MCU software eliminates an FPGA to achieve a sub-1 microsecond current loop in industrial systems (4-traders.com)
- TI GaN power design drives 200-V AC servo drives and robotics with 99-percent efficiency (finance.yahoo.com)
- Texas Instruments Incorporated (TXN) Position Increased by Thomaspartners Inc (latribunadecanarias.com)
- NVIDIA vs. Texas Instruments: Which Stock is Better Now? (finance.yahoo.com)
Shares of Texas Instruments (NASDAQ:TXN) traded down 0.47% during trading on Tuesday, hitting $77.94. The stock had a trading volume of 2,043,916 shares. The firm has a market cap of $77.65 billion, a P/E ratio of 20.74 and a beta of 1.16. The firm’s 50-day moving average is $80.72 and its 200-day moving average is $78.05. Texas Instruments has a one year low of $58.61 and a one year high of $84.65.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 25th. The semiconductor company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.31 billion. Texas Instruments had a return on equity of 34.50% and a net margin of 27.54%. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. Equities research analysts forecast that Texas Instruments will post $3.93 EPS for the current year.
A number of research analysts have recently commented on TXN shares. Drexel Hamilton reiterated a “buy” rating and issued a $93.00 price objective on shares of Texas Instruments in a report on Wednesday, April 26th. Instinet reiterated a “neutral” rating and issued a $75.00 price objective (up previously from $70.00) on shares of Texas Instruments in a report on Saturday, April 29th. Macquarie started coverage on Texas Instruments in a report on Thursday, March 30th. They issued a “neutral” rating and a $82.00 price objective on the stock. Deutsche Bank AG reiterated a “hold” rating and issued a $75.00 price objective (up previously from $73.00) on shares of Texas Instruments in a report on Saturday, April 29th. Finally, Vetr downgraded Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price objective on the stock. in a report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Texas Instruments presently has an average rating of “Hold” and a consensus price target of $82.10.
In other Texas Instruments news, insider Kevin P. March sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $80.74, for a total value of $12,111,000.00. Following the completion of the sale, the insider now directly owns 448,663 shares in the company, valued at $36,225,050.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Niels Anderskouv sold 32,420 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $80.61, for a total value of $2,613,376.20. Following the completion of the sale, the insider now owns 102,028 shares of the company’s stock, valued at $8,224,477.08. The disclosure for this sale can be found here. Insiders sold 323,780 shares of company stock valued at $26,093,457 over the last 90 days. 0.96% of the stock is currently owned by insiders.
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.
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