JPMorgan Chase & Co. Raises Texas Instruments (NASDAQ:TXN) Price Target to $195.00

Texas Instruments (NASDAQ:TXN) had its price objective boosted by JPMorgan Chase & Co. from $180.00 to $195.00 in a research note released on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the semiconductor company’s stock.

TXN has been the subject of a number of other reports. Truist Financial raised their price objective on Texas Instruments from $165.00 to $167.00 and gave the stock a hold rating in a research report on Wednesday. Mizuho raised their price objective on Texas Instruments from $164.00 to $170.00 and gave the stock a neutral rating in a research report on Wednesday. Oppenheimer restated a market perform rating on shares of Texas Instruments in a research report on Wednesday. Barclays cut their price target on Texas Instruments from $160.00 to $150.00 and set an equal weight rating for the company in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus raised their price target on Texas Instruments from $160.00 to $172.00 and gave the stock a hold rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $180.74.

Texas Instruments Trading Up 1.3 %

NASDAQ:TXN opened at $177.48 on Wednesday. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments has a 1-year low of $139.48 and a 1-year high of $188.12. The firm has a market capitalization of $161.59 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 3.75 and a beta of 1.04. The stock has a fifty day simple moving average of $169.29 and a 200 day simple moving average of $162.25.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company posted $1.85 EPS. Texas Instruments’s revenue for the quarter was down 16.4% on a year-over-year basis. Sell-side analysts forecast that Texas Instruments will post 5.2 earnings per share for the current year.

Texas Instruments Dividend Announcement

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

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors and hedge funds have recently made changes to their positions in TXN. Annapolis Financial Services LLC raised its position in shares of Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 120 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in Texas Instruments in the third quarter valued at about $25,000. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments in the fourth quarter valued at about $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments in the fourth quarter valued at about $26,000. Finally, Richardson Financial Services Inc. bought a new stake in Texas Instruments in the fourth quarter valued at about $26,000. 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.