Stifel Nicolaus Raises Texas Instruments (NASDAQ:TXN) Price Target to $172.00

Texas Instruments (NASDAQ:TXN) had its price objective lifted by Stifel Nicolaus from $160.00 to $172.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a hold rating on the semiconductor company’s stock.

Other research analysts have also recently issued research reports about the stock. TD Cowen upped their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a hold rating in a research report on Wednesday. Susquehanna upped their target price on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a positive rating in a research report on Wednesday. Evercore ISI initiated coverage on shares of Texas Instruments in a research note on Tuesday, April 16th. They issued an outperform rating and a $213.00 price target for the company. Mizuho upped their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a neutral rating in a research note on Wednesday. Finally, Morgan Stanley upped their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $180.74.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $177.48 on Wednesday. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The company has a market cap of $161.52 billion, a PE ratio of 27.69, a P/E/G ratio of 3.77 and a beta of 1.04. The firm has a 50-day simple moving average of $169.29 and a 200 day simple moving average of $162.22.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. Texas Instruments’s quarterly revenue was down 16.4% on a year-over-year basis. On average, sell-side analysts anticipate that Texas Instruments will post 5.16 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Instruments

Hedge funds have recently made changes to their positions in the company. AXQ Capital LP lifted its position in shares of Texas Instruments by 64.3% in the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its position in shares of Texas Instruments by 0.4% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after acquiring an additional 155 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Texas Instruments by 39.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after buying an additional 2,397 shares during the period. Salem Investment Counselors Inc. increased its stake in Texas Instruments by 2.2% in the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after buying an additional 177 shares during the period. Finally, Chicago Capital LLC increased its stake in Texas Instruments by 182.7% in the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after buying an additional 8,311 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

About Texas Instruments

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.