Texas Instruments (NASDAQ:TXN) PT Raised to $170.00

Texas Instruments (NASDAQ:TXN) had its target price lifted by Mizuho from $164.00 to $170.00 in a report published on Wednesday morning, Benzinga reports. Mizuho currently has a neutral rating on the semiconductor company’s stock.

Other equities research analysts have also recently issued reports about the company. Susquehanna cut their target price on Texas Instruments from $205.00 to $200.00 and set a positive rating on the stock in a research note on Wednesday, January 24th. KeyCorp lifted their target price on Texas Instruments from $180.00 to $200.00 and gave the company an overweight rating in a research note on Wednesday, January 24th. TD Cowen lifted their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a hold rating in a report on Wednesday. Evercore ISI initiated coverage on Texas Instruments in a report on Tuesday, April 16th. They set an outperform rating and a $213.00 price objective for the company. Finally, Barclays reduced their price target on Texas Instruments from $160.00 to $150.00 and set an equal weight rating for the company in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $180.74.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $177.48 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.35. Texas Instruments has a 1-year low of $139.48 and a 1-year high of $188.12. The business has a 50 day moving average of $169.29 and a 200 day moving average of $162.22. The company has a market capitalization of $161.52 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 3.77 and a beta of 1.04.

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

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a $1.30 dividend. 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 other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tennessee Valley Asset Management Partners purchased a new position in Texas Instruments in the fourth quarter worth approximately $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the fourth quarter valued at $26,000. Richardson Financial Services Inc. acquired a new stake in Texas Instruments in the fourth quarter valued at $26,000. Scarborough Advisors LLC acquired a new stake in Texas Instruments in the fourth quarter valued at $26,000. Finally, Annapolis Financial Services LLC increased its position 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 in the last quarter. 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.