Texas Instruments (NASDAQ:TXN) Given New $200.00 Price Target at Stifel Nicolaus

Texas Instruments (NASDAQ:TXN) had its price objective hoisted by Stifel Nicolaus from $172.00 to $200.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has a hold rating on the semiconductor company’s stock.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the company an overweight rating in a research note on Wednesday, April 24th. Wells Fargo & Company started coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They set an underweight rating and a $150.00 price objective for the company. Susquehanna lifted their target price on Texas Instruments from $205.00 to $250.00 and gave the stock a positive rating in a research report on Wednesday, July 17th. Oppenheimer reaffirmed a market perform rating on shares of Texas Instruments in a report on Wednesday, April 24th. Finally, Citigroup lifted their price objective on Texas Instruments from $185.00 to $200.00 and gave the stock a neutral rating in a report on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $188.10.

Texas Instruments Stock Down 3.3 %

Texas Instruments stock opened at $199.10 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $210.84. The firm has a fifty day moving average price of $197.30 and a two-hundred day moving average price of $178.77. The firm has a market cap of $181.28 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 4.31 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.85 EPS. As a group, analysts forecast that Texas Instruments will post 5.13 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be given a dividend of $1.30 per share. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.61%. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Insider Buying and Selling at Texas Instruments

In other news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Richard K. Templeton sold 104,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the transaction, the chairman now owns 403,851 shares in the company, valued at $72,160,096.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $178.47, for a total value of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TXN. Investment Advisory Services Inc. TX ADV increased its holdings in Texas Instruments by 1.6% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after purchasing an additional 51 shares during the last quarter. Verity Asset Management Inc. raised its position in shares of Texas Instruments by 1.1% in the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after acquiring an additional 54 shares during the period. Prentice Wealth Management LLC boosted its stake in Texas Instruments by 2.1% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after acquiring an additional 55 shares during the last quarter. Pure Financial Advisors LLC grew its holdings in Texas Instruments by 2.5% during the second quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 55 shares during the period. Finally, Keudell Morrison Wealth Management increased its stake in Texas Instruments by 1.5% in the first quarter. Keudell Morrison Wealth Management now owns 3,915 shares of the semiconductor company’s stock valued at $682,000 after purchasing an additional 59 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.