Texas Instruments (NASDAQ:TXN) Sets New 1-Year High After Analyst Upgrade

Shares of Texas Instruments Incorporated (NASDAQ:TXN) reached a new 52-week high during mid-day trading on Wednesday after Citigroup upgraded the stock from a neutral rating to a buy rating. Citigroup now has a $235.00 price target on the stock, up from their previous price target of $200.00. Texas Instruments traded as high as $210.88 and last traded at $207.72, with a volume of 3944761 shares trading hands. The stock had previously closed at $202.54.

TXN has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Morgan Stanley lifted their target price on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Jefferies Financial Group lifted their price objective on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Finally, TD Cowen increased their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $201.95.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments during the 4th quarter worth $25,000. Richardson Financial Services Inc. acquired a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC bought a new stake in Texas Instruments in the 4th quarter valued at $26,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $31,000. Finally, Westend Capital Management LLC acquired a new position in shares of Texas Instruments during the first quarter worth about $31,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Stock Performance

The firm has a market capitalization of $189.22 billion, a P/E ratio of 32.29, a P/E/G ratio of 4.36 and a beta of 0.99. The stock has a fifty day moving average of $197.32 and a 200-day moving average of $183.44. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period last year, the company earned $1.87 earnings per share. The firm’s revenue was down 15.6% compared to the same quarter last year. On average, research analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.50%. Texas Instruments’s dividend payout ratio is 81.12%.

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.