Texas Instruments (NASDAQ:TXN) PT Raised to $167.00 at Truist Financial

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

A number of other brokerages have also weighed in on TXN. TD Cowen lifted their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the company a hold rating in a research note on Wednesday. KeyCorp lifted their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the company an overweight rating in a research note on Wednesday, January 24th. UBS Group raised shares of Texas Instruments from a neutral rating to a buy rating and lifted their price target for the company from $170.00 to $195.00 in a research note on Friday, January 19th. Susquehanna cut their price target on shares of Texas Instruments from $205.00 to $200.00 and set a positive rating on the stock in a research note on Wednesday, January 24th. Finally, Evercore ISI assumed coverage on shares of Texas Instruments in a research note on Tuesday, April 16th. They issued an outperform rating and a $213.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $180.74.

Texas Instruments Stock Up 1.3 %

Shares of NASDAQ:TXN opened at $177.48 on Wednesday. Texas Instruments has a one year low of $139.48 and a one year high of $188.12. The company has a 50 day moving average of $169.29 and a 200-day moving average of $162.25. 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 stock has a market cap of $161.59 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 3.75 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released 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 business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the firm earned $1.85 EPS. Texas Instruments’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, sell-side analysts forecast that Texas Instruments will post 5.2 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.93%. Texas Instruments’s payout ratio is 81.12%.

Insider Buying and Selling

In related 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 transaction of $278,778.40. Following the transaction, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a filing with the SEC, which is available through this link. 0.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Instruments

A number of institutional investors have recently added to or reduced their stakes in TXN. Annapolis Financial Services LLC increased its holdings in 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 buying an additional 120 shares during the last quarter. Briaud Financial Planning Inc bought a new position in shares of Texas Instruments in the third quarter valued at about $25,000. Tennessee Valley Asset Management Partners bought a new position in shares of Texas Instruments in the fourth quarter valued at about $25,000. Life Planning Partners Inc bought a new position in shares of Texas Instruments in the fourth quarter valued at about $26,000. Finally, Richardson Financial Services Inc. bought a new position in shares of Texas Instruments in the fourth quarter valued at about $26,000. 84.99% of the stock is currently 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.