JPMorgan Chase & Co. Increases Texas Instruments (NASDAQ:TXN) Price Target to $230.00

Texas Instruments (NASDAQ:TXN) had its price target boosted by JPMorgan Chase & Co. from $195.00 to $230.00 in a research note published on Wednesday, Benzinga reports. The firm currently has an overweight rating on the semiconductor company’s stock.

TXN has been the subject of a number of other research reports. Rosenblatt Securities upped their price target on Texas Instruments from $210.00 to $250.00 and gave the stock a buy rating in a research report on Monday, July 22nd. Susquehanna upped their price target on Texas Instruments from $205.00 to $250.00 and gave the stock a positive rating in a research report on Wednesday, July 17th. Robert W. Baird upped their price objective on Texas Instruments from $125.00 to $175.00 and gave the stock a neutral rating in a research note on Thursday, April 25th. Oppenheimer reaffirmed a market perform rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, Stifel Nicolaus upped their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a hold rating in a research note on Thursday, July 18th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $198.64.

Texas Instruments Stock Up 2.5 %

Texas Instruments stock opened at $201.99 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.76 and a current ratio of 4.62. The stock has a fifty day moving average of $198.04 and a 200 day moving average of $179.86. The stock has a market cap of $184.43 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99. Texas Instruments has a one year low of $139.48 and a one year high of $210.84.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.87 earnings per share. As a group, sell-side analysts predict that Texas Instruments will post 5.14 EPS for the current year.

Texas Instruments Dividend Announcement

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

Insider Transactions at Texas Instruments

In other news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now directly owns 20,461 shares of the company’s stock, valued at $3,580,061.17. 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 company insiders.

Institutional Investors Weigh In On Texas Instruments

Institutional investors and hedge funds have recently modified their holdings of the business. Tennessee Valley Asset Management Partners bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $25,000. Life Planning Partners Inc bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC bought a new stake in Texas Instruments during the 4th quarter valued at $26,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Texas Instruments during the 4th quarter valued at $31,000. 84.99% of the stock is owned by institutional investors.

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.