JPMorgan Chase & Co. Boosts Texas Instruments (NASDAQ:TXN) Price Target to $195.00

Texas Instruments (NASDAQ:TXN) had its price objective upped by JPMorgan Chase & Co. from $180.00 to $195.00 in a research report sent to investors on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the semiconductor company’s stock.

Several other brokerages have also commented on TXN. KeyCorp raised their price target on Texas Instruments from $180.00 to $200.00 and gave the company an overweight rating in a research note on Wednesday, January 24th. Stifel Nicolaus lifted their target price on Texas Instruments from $160.00 to $172.00 and gave the company a hold rating in a research note on Wednesday. Truist Financial lifted their target price on Texas Instruments from $165.00 to $167.00 and gave the company a hold rating in a research note on Wednesday. Oppenheimer reiterated a market perform rating on shares of Texas Instruments in a research note on Wednesday. Finally, Barclays cut their target price on Texas Instruments from $160.00 to $150.00 and set an equal weight rating on the stock in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and an average target price of $180.74.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $177.48 on Wednesday. The firm has a market cap of $161.52 billion, a P/E ratio of 27.69, a P/E/G ratio of 3.77 and a beta of 1.04. The company has a current ratio of 4.91, a quick ratio of 3.35 and a debt-to-equity ratio of 0.76. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $188.12. The stock’s fifty day moving average price is $169.29 and its 200-day moving average price is $162.22.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 earnings per share. On average, equities research analysts expect that Texas Instruments will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Buying and Selling

In related 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 transaction of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Institutional investors and hedge funds have recently modified their holdings of the company. Annapolis Financial Services LLC lifted its holdings in shares of 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 purchasing an additional 120 shares during the period. Briaud Financial Planning Inc acquired a new stake in shares of Texas Instruments during the third quarter worth about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $26,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $26,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.