Texas Instruments (NASDAQ:TXN) Price Target Raised to $250.00

Texas Instruments (NASDAQ:TXN) had its price target hoisted by Rosenblatt Securities from $210.00 to $250.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

TXN has been the topic of several other reports. Wells Fargo & Company initiated coverage on Texas Instruments in a report on Thursday, May 16th. They issued an underweight rating and a $150.00 price target on the stock. Susquehanna boosted their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the company a positive rating in a research note on Wednesday, July 17th. Cantor Fitzgerald upped their price target on shares of Texas Instruments from $180.00 to $210.00 and gave the stock a neutral rating in a report on Wednesday, May 15th. Barclays lifted their price objective on shares of Texas Instruments from $150.00 to $190.00 and gave the company an equal weight rating in a report on Monday, May 20th. Finally, Robert W. Baird upped their target price on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a neutral rating in a research note on Thursday, April 25th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $198.64.

Texas Instruments Trading Down 0.0 %

Shares of TXN stock opened at $198.28 on Monday. The stock has a fifty day simple moving average of $197.86 and a two-hundred day simple moving average of $179.43. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $210.84. The firm has a market capitalization of $180.53 billion, a PE ratio of 30.93, a PEG ratio of 4.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the business earned $1.87 earnings per share. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. On average, analysts predict that Texas Instruments will post 5.13 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. In the last three months, insiders sold 328,969 shares of company stock valued at $58,427,984. Corporate insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Texas Instruments by 0.6% in the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after buying an additional 536,206 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after purchasing an additional 1,279,828 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 6.1% in the 4th 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. Franklin Resources Inc. increased its stake in Texas Instruments by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after purchasing an additional 1,095,303 shares in the last quarter. Finally, Norges Bank purchased a new stake in Texas Instruments during the fourth quarter valued at about $1,649,592,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Company Profile

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.