Texas Instruments (NASDAQ:TXN) Price Target Raised to $167.00

Texas Instruments (NASDAQ:TXN) had its price target upped by Truist Financial from $165.00 to $167.00 in a research report report published on Wednesday, Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

Several other research firms have also recently weighed in on TXN. Cantor Fitzgerald boosted their price objective on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a neutral rating in a research report on Monday, April 8th. Morgan Stanley boosted their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a research report on Wednesday, January 24th. UBS Group upgraded shares of Texas Instruments from a neutral rating to a buy rating and boosted their price objective for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. KeyCorp boosted their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a research report on Wednesday, January 24th. Finally, Susquehanna lowered their target price on shares of Texas Instruments from $205.00 to $200.00 and set a positive rating for the company in a report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $180.74.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $177.48 on Wednesday. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $188.12. The firm has a 50 day moving average of $169.29 and a 200-day moving average of $162.22. The company has a current ratio of 4.91, a quick ratio of 3.35 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $161.52 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share 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 previous year, the company posted $1.85 EPS. Texas Instruments’s revenue was down 16.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Texas Instruments will post 5.16 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction 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 transaction, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TXN. Norges Bank acquired a new position in Texas Instruments in the 4th quarter worth $1,649,592,000. Morgan Stanley boosted its stake in Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. California Public Employees Retirement System boosted its stake in Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. boosted its stake in Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after purchasing an additional 1,439,066 shares during the period. Finally, Baillie Gifford & Co. boosted its stake in Texas Instruments by 338.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after purchasing an additional 1,385,725 shares during the period. 84.99% of the stock is 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.