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

Texas Instruments (NASDAQ:TXN) had its price target cut by Barclays from $210.00 to $200.00 in a report published on Wednesday, Benzinga reports. They currently have an equal weight rating on the semiconductor company’s stock.

TXN has been the topic of several other reports. The Goldman Sachs Group lifted their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research note on Wednesday, July 24th. Truist Financial cut their price target on Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. KeyCorp increased their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Stifel Nicolaus lifted their target price on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, Cantor Fitzgerald dropped their price target on shares of Texas Instruments from $210.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $206.95.

Texas Instruments Price Performance

Shares of TXN opened at $201.74 on Wednesday. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The firm’s fifty day simple moving average is $203.43 and its 200-day simple moving average is $194.99. The firm has a market capitalization of $184.20 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 4.22 and a beta of 0.98. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $214.66.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the business earned $1.80 EPS. Texas Instruments’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities analysts forecast that Texas Instruments will post 5.11 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, October 31st. Texas Instruments’s payout ratio is currently 96.65%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by insiders.

Institutional Trading of Texas Instruments

Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its position in Texas Instruments by 8.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 876,702 shares of the semiconductor company’s stock worth $183,353,000 after purchasing an additional 72,013 shares in the last quarter. Parcion Private Wealth LLC acquired a new stake in shares of Texas Instruments in the third quarter worth $1,161,000. Allworth Financial LP raised its stake in shares of Texas Instruments by 8.5% in the 3rd quarter. Allworth Financial LP now owns 130,217 shares of the semiconductor company’s stock valued at $26,899,000 after acquiring an additional 10,232 shares during the period. CWC Advisors LLC. acquired a new position in shares of Texas Instruments during the 3rd quarter valued at $637,000. Finally, Elwood & Goetz Wealth Advisory Group LLC purchased a new stake in Texas Instruments during the 3rd quarter worth $339,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

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.