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

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

TXN has been the subject of several other reports. UBS Group raised Texas Instruments from a neutral rating to a buy rating and increased their price objective for the company from $170.00 to $195.00 in a research note on Friday, January 19th. Mizuho increased their price objective on Texas Instruments from $164.00 to $170.00 and gave the company a neutral rating in a research note on Wednesday. Truist Financial raised their target price on Texas Instruments from $165.00 to $167.00 and gave the stock a hold rating in a research note on Wednesday. Barclays reduced their price target on Texas Instruments from $160.00 to $150.00 and set an equal weight rating on the stock in a report on Wednesday, January 24th. Finally, Morgan Stanley lifted their price target on Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $180.74.

Texas Instruments Trading Up 1.3 %

Shares of TXN stock opened at $177.48 on Wednesday. The stock has a 50 day simple moving average of $169.29 and a 200-day simple moving average of $162.25. Texas Instruments has a 1-year low of $139.48 and a 1-year high of $188.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.35. The company has a market cap of $161.59 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 3.75 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 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the company earned $1.85 EPS. The firm’s revenue was down 16.4% compared to the same quarter last year. On average, equities research analysts expect that Texas Instruments will post 5.2 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced 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. This represents a $5.20 annualized dividend and a yield of 2.93%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was 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 directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Instruments

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after buying an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Texas Instruments by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after buying an additional 1,154,513 shares in the last quarter. Morgan Stanley grew its position in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after buying an additional 1,755,582 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Texas Instruments by 10.1% during the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after buying an additional 1,095,303 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Texas Instruments by 2.9% during the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after buying an additional 315,302 shares in the last quarter. 84.99% of the stock is 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.