Barclays Boosts Texas Instruments (NASDAQ:TXN) Price Target to $210.00

Texas Instruments (NASDAQ:TXN) had its target price increased by Barclays from $190.00 to $210.00 in a report published on Wednesday morning, Benzinga reports. Barclays currently has an equal weight rating on the semiconductor company’s stock.

TXN has been the subject of a number of other research reports. Citigroup raised their price target on shares of Texas Instruments from $185.00 to $200.00 and gave the company a neutral rating in a report on Monday, July 15th. Wells Fargo & Company assumed coverage on shares of Texas Instruments in a report on Thursday, May 16th. They issued an underweight rating and a $150.00 price target for the company. Rosenblatt Securities raised their price target on shares of Texas Instruments from $210.00 to $250.00 and gave the company a buy rating in a report on Monday, July 22nd. Mizuho raised their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the company a neutral rating in a report on Wednesday, April 24th. Finally, KeyCorp raised their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the company an overweight rating in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $198.64.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $201.99 on Wednesday. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $210.84. The firm has a 50 day moving average of $198.04 and a 200-day moving average of $179.78. The company has a current ratio of 4.62, a quick ratio of 3.76 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $184.43 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $3.82 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. Texas Instruments’s quarterly revenue was down 15.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Texas Instruments will post 5.14 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.57%. Texas Instruments’s dividend payout ratio is 81.12%.

Insider Transactions at Texas Instruments

In other news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the transaction, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock worth $58,427,984 in the last three months. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently bought and sold shares of TXN. Norges Bank acquired a new stake in Texas Instruments in the 4th quarter valued at about $1,649,592,000. Van ECK Associates Corp lifted its stake in Texas Instruments by 54.3% in the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after purchasing an additional 1,972,304 shares during the last quarter. California Public Employees Retirement System lifted its stake in Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after purchasing an additional 1,502,989 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Texas Instruments by 338.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after purchasing an additional 1,385,725 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in Texas Instruments by 4.7% in the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after purchasing an additional 1,279,828 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Company Profile

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.