Deutsche Bank Aktiengesellschaft Raises Texas Instruments (NASDAQ:TXN) Price Target to $135.00

Texas Instruments (NASDAQ:TXN) had its target price lifted by Deutsche Bank Aktiengesellschaft from $125.00 to $135.00 in a report released on Thursday, The Fly reports. They currently have a hold rating on the semiconductor company’s stock.

A number of other research firms also recently commented on TXN. 140166 increased their price objective on Texas Instruments from $155.00 to $165.00 and gave the stock a buy rating in a report on Wednesday, July 22nd. Jefferies Financial Group raised their price target on shares of Texas Instruments from $136.00 to $163.00 and gave the company a buy rating in a report on Wednesday, July 22nd. Royal Bank of Canada upped their price objective on shares of Texas Instruments from $125.00 to $140.00 in a report on Wednesday, July 22nd. Stifel Nicolaus raised their target price on Texas Instruments from $125.00 to $140.00 and gave the company a hold rating in a report on Wednesday, July 22nd. Finally, BNP Paribas downgraded Texas Instruments from a neutral rating to an underperform rating and set a $108.00 price target for the company. in a research note on Thursday, July 9th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $139.38.

Shares of NASDAQ:TXN opened at $153.12 on Thursday. The firm has a fifty day moving average of $142.37 and a two-hundred day moving average of $127.12. The company has a quick ratio of 2.94, a current ratio of 3.92 and a debt-to-equity ratio of 0.82. Texas Instruments has a 12-month low of $93.09 and a 12-month high of $155.88. The firm has a market capitalization of $140.25 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 2.89 and a beta of 1.14.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.60. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter last year, the firm earned $1.36 earnings per share. Equities research analysts expect that Texas Instruments will post 5.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, October 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.66%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.90. Texas Instruments’s dividend payout ratio is currently 68.70%.

In other Texas Instruments news, VP Kyle M. Flessner sold 26,350 shares of Texas Instruments stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $131.59, for a total transaction of $3,467,396.50. Following the sale, the vice president now owns 79,424 shares in the company, valued at $10,451,404.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darla H. Whitaker sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $138.52, for a total transaction of $5,540,800.00. Following the completion of the sale, the vice president now directly owns 89,524 shares in the company, valued at approximately $12,400,864.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 236,495 shares of company stock worth $31,419,345. 0.73% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Texas Instruments by 0.5% in the 2nd quarter. BlackRock Inc. now owns 70,181,716 shares of the semiconductor company’s stock worth $8,910,972,000 after buying an additional 361,553 shares in the last quarter. State Street Corp boosted its stake in Texas Instruments by 1.9% in the 1st quarter. State Street Corp now owns 40,874,487 shares of the semiconductor company’s stock valued at $4,084,587,000 after buying an additional 770,202 shares in the last quarter. Bank of New York Mellon Corp grew its position in Texas Instruments by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 14,957,906 shares of the semiconductor company’s stock valued at $1,899,206,000 after acquiring an additional 541,269 shares during the period. Capital World Investors raised its stake in Texas Instruments by 1.3% during the first quarter. Capital World Investors now owns 13,471,879 shares of the semiconductor company’s stock worth $1,346,249,000 after acquiring an additional 173,991 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Texas Instruments by 4.7% during the second quarter. Swiss National Bank now owns 3,797,954 shares of the semiconductor company’s stock valued at $482,226,000 after acquiring an additional 170,000 shares during the period. 82.91% of the stock is owned by institutional investors.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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