Truist Financial Raises Texas Instruments (NASDAQ:TXN) Price Target to $203.00

Texas Instruments (NASDAQ:TXN) had its price target boosted by Truist Financial from $167.00 to $203.00 in a research report report published on Wednesday, Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

TXN has been the subject of a number of other reports. Mizuho boosted their price target on Texas Instruments from $164.00 to $170.00 and gave the stock a neutral rating in a report on Wednesday, April 24th. Robert W. Baird boosted their price target on Texas Instruments from $125.00 to $175.00 and gave the stock a neutral rating in a report on Thursday, April 25th. Rosenblatt Securities boosted their price target on Texas Instruments from $210.00 to $250.00 and gave the stock a buy rating in a report on Monday, July 22nd. Jefferies Financial Group cut Texas Instruments from a buy rating to a hold rating and cut their price target for the stock from $200.00 to $175.00 in a report on Monday, May 13th. Finally, The Goldman Sachs Group upped their target price on Texas Instruments from $137.00 to $157.00 and gave the company a sell rating in a research note on Wednesday, April 24th. Four investment 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’s stock. According to MarketBeat, Texas Instruments presently has a consensus rating of Hold and an average target price of $198.64.

Texas Instruments Stock Up 2.5 %

TXN opened at $201.99 on Wednesday. The business’s fifty day moving average is $198.04 and its two-hundred day moving average is $179.78. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.76 and a current ratio of 4.62. The company has a market cap of $184.43 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 4.26 and a beta of 0.99. Texas Instruments has a one year low of $139.48 and a one year high of $210.84.

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. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. Texas Instruments’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.87 earnings per share. Analysts anticipate that Texas Instruments will post 5.14 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.57%. The ex-dividend date is Wednesday, July 31st. Texas Instruments’s payout ratio is currently 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now owns 403,851 shares in the company, valued at $72,160,096.68. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock worth $58,427,984 over the last quarter. 0.68% of the stock is owned by corporate insiders.

Institutional Trading of Texas Instruments

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Investment Advisory Services Inc. TX ADV raised its position in shares of Texas Instruments by 1.6% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after purchasing an additional 51 shares during the period. Verity Asset Management Inc. increased its position in Texas Instruments by 1.1% in the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after acquiring an additional 54 shares during the period. Prentice Wealth Management LLC increased its position in Texas Instruments by 2.1% in the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock valued at $516,000 after acquiring an additional 55 shares during the period. Pure Financial Advisors LLC increased its position in Texas Instruments by 2.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock valued at $433,000 after acquiring an additional 55 shares during the period. Finally, Dakota Wealth Management increased its position in Texas Instruments by 0.5% in the 2nd quarter. Dakota Wealth Management now owns 10,869 shares of the semiconductor company’s stock valued at $2,114,000 after acquiring an additional 56 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.