Brokerages Set Texas Instruments Incorporated (NASDAQ:TXN) PT at $189.41

Texas Instruments Incorporated (NASDAQ:TXN) has earned an average recommendation of “Hold” from the twenty-six analysts that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $189.41.

Several research analysts recently commented on the stock. Morgan Stanley reiterated an “underweight” rating and issued a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Summit Insights downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Cantor Fitzgerald dropped their target price on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Citigroup dropped their target price on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Finally, UBS Group dropped their target price on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, April 24th.

Texas Instruments Trading Down 0.5%

Shares of NASDAQ:TXN opened at $187.34 on Friday. The firm has a fifty day moving average of $167.04 and a two-hundred day moving average of $184.86. The firm has a market capitalization of $170.19 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97. Texas Instruments has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. On average, equities analysts expect that Texas Instruments will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.90%. Texas Instruments’s dividend payout ratio (DPR) is currently 103.23%.

Insider Activity

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. The trade was a 35.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $202.68, for a total transaction of $19,659,960.00. Following the completion of the transaction, the chairman now owns 409,089 shares in the company, valued at approximately $82,914,158.52. This trade represents a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,065 shares of company stock worth $59,734,685. Corporate insiders own 0.57% of the company’s stock.

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. Promus Capital LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth approximately $25,000. Financial Life Planners bought a new stake in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth approximately $27,000. Summit Securities Group LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth approximately $28,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.