Texas Instruments (NASDAQ:TXN) Price Target Raised to $157.00

Texas Instruments (NASDAQ:TXN) had its price objective lifted by The Goldman Sachs Group from $137.00 to $157.00 in a research report report published on Wednesday, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the semiconductor company’s stock.

A number of other brokerages have also commented on TXN. Stifel Nicolaus increased their price objective on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a hold rating in a report on Wednesday. Cantor Fitzgerald reissued a neutral rating and set a $180.00 price objective on shares of Texas Instruments in a report on Wednesday. Barclays decreased their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an equal weight rating on the stock in a report on Wednesday, January 24th. TD Cowen increased their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a hold rating in a report on Wednesday. Finally, Oppenheimer reissued a market perform rating on shares of Texas Instruments in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $180.74.

Texas Instruments Trading Up 1.3 %

Shares of Texas Instruments stock opened at $177.48 on Wednesday. The stock has a market capitalization of $161.59 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 3.75 and a beta of 1.04. 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 50-day simple moving average of $169.29 and a 200 day simple moving average of $162.25. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12.

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

Texas Instruments Announces Dividend

The company also recently disclosed 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 payout ratio is 81.12%.

Insider Buying and Selling

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

Institutional Trading of Texas Instruments

Several hedge funds have recently bought and sold shares of TXN. Annapolis Financial Services LLC raised its holdings in Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares during the period. Briaud Financial Planning Inc acquired a new stake in Texas Instruments during the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments during the 4th quarter worth approximately $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. Finally, Richardson Financial Services Inc. acquired a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. 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.