Jefferies Financial Group Increases Texas Instruments (NASDAQ:TXN) Price Target to $185.00

Texas Instruments (NASDAQ:TXN) had its price target raised by Jefferies Financial Group from $175.00 to $185.00 in a research note published on Wednesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the semiconductor company’s stock.

Other equities research analysts also recently issued reports about the stock. Evercore ISI raised their target price on shares of Texas Instruments from $213.00 to $225.00 and gave the company an outperform rating in a research note on Wednesday, April 24th. Cantor Fitzgerald raised their target price on shares of Texas Instruments from $180.00 to $210.00 and gave the company a neutral rating in a research note on Wednesday, May 15th. Susquehanna raised their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the company a positive rating in a research note on Wednesday, July 17th. Barclays raised their target price on shares of Texas Instruments from $150.00 to $190.00 and gave the company an equal weight rating in a research note on Monday, May 20th. Finally, Stifel Nicolaus lifted their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a hold rating in a research note on Thursday, July 18th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Texas Instruments presently has a consensus rating of Hold and an average price target of $198.64.

Texas Instruments Stock Performance

Shares of TXN stock opened at $201.99 on Wednesday. The firm has a market cap of $184.43 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 4.26 and a beta of 0.99. The company’s 50 day moving average is $198.04 and its 200 day moving average is $179.86. The company has a quick ratio of 3.76, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $210.84.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. Texas Instruments’s revenue was down 15.6% compared to the same quarter last year. During the same period last year, the firm earned $1.87 earnings per share. On average, sell-side analysts anticipate that Texas Instruments will post 5.14 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.57%. Texas Instruments’s payout ratio is 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at $3,580,061.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 328,969 shares of company stock valued at $58,427,984. Corporate insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nixon Peabody Trust Co. purchased a new stake in shares of Texas Instruments during the second quarter worth about $314,000. HB Wealth Management LLC increased its stake in shares of Texas Instruments by 6.8% during the second quarter. HB Wealth Management LLC now owns 89,068 shares of the semiconductor company’s stock worth $17,326,000 after purchasing an additional 5,688 shares in the last quarter. Kintegral Advisory LLC increased its stake in shares of Texas Instruments by 14.1% during the second quarter. Kintegral Advisory LLC now owns 45,375 shares of the semiconductor company’s stock worth $8,827,000 after purchasing an additional 5,618 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new stake in shares of Texas Instruments during the second quarter worth about $389,000. Finally, Simmons Bank increased its stake in shares of Texas Instruments by 1.0% during the second quarter. Simmons Bank now owns 33,194 shares of the semiconductor company’s stock worth $6,457,000 after purchasing an additional 334 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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.