Texas Instruments (NASDAQ:TXN) Price Target Increased to $185.00 by Analysts at Deutsche Bank Aktiengesellschaft

Texas Instruments (NASDAQ:TXN) had its price objective upped by Deutsche Bank Aktiengesellschaft from $160.00 to $185.00 in a research report released on Wednesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the semiconductor company’s stock.

Several other analysts also recently commented on the stock. Barclays raised their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an equal weight rating in a report on Wednesday. Citigroup lifted their price objective on shares of Texas Instruments from $185.00 to $200.00 and gave the company a neutral rating in a report on Monday, July 15th. Robert W. Baird lifted their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the company a neutral rating in a report on Wednesday. Wells Fargo & Company initiated coverage on shares of Texas Instruments in a report on Thursday, May 16th. They issued an underweight rating and a $150.00 price objective on the stock. Finally, Cantor Fitzgerald reiterated a neutral rating and issued a $210.00 price objective on shares of Texas Instruments in a report on Wednesday. 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’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $198.64.

Texas Instruments Stock Performance

Shares of TXN stock opened at $201.99 on Wednesday. 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 capitalization of $184.43 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99. The company’s 50 day moving average price is $198.04 and its two-hundred day moving average price is $179.86. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $210.84.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business’s quarterly revenue was down 15.6% on a year-over-year basis. During the same period last year, the company posted $1.87 EPS. On average, analysts expect that Texas Instruments will post 5.14 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

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

Insiders Place Their Bets

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were 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 $5,973,293.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, 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. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors have recently modified their holdings of the business. Nixon Peabody Trust Co. acquired a new position in Texas Instruments in the second quarter valued at about $314,000. HB Wealth Management LLC raised its stake in Texas Instruments by 6.8% in the second quarter. HB Wealth Management LLC now owns 89,068 shares of the semiconductor company’s stock valued at $17,326,000 after purchasing an additional 5,688 shares in the last quarter. Kintegral Advisory LLC raised its stake in Texas Instruments by 14.1% in the second quarter. Kintegral Advisory LLC now owns 45,375 shares of the semiconductor company’s stock valued at $8,827,000 after purchasing an additional 5,618 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new position in Texas Instruments in the second quarter valued at about $389,000. Finally, Simmons Bank raised its stake in Texas Instruments by 1.0% in the second quarter. Simmons Bank now owns 33,194 shares of the semiconductor company’s stock valued at $6,457,000 after purchasing an additional 334 shares in the last quarter. 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.