Texas Instruments (NASDAQ:TXN) PT Lowered to $215.00 at Bank of America

Texas Instruments (NASDAQ:TXN) had its price target decreased by Bank of America from $220.00 to $215.00 in a research report report published on Wednesday, Benzinga reports. Bank of America currently has a neutral rating on the semiconductor company’s stock.

Several other research firms have also recently issued reports on TXN. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday. Mizuho set a $200.00 target price on Texas Instruments in a report on Friday, October 18th. Truist Financial dropped their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, KeyCorp upped their price objective on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $206.95.

Texas Instruments Stock Up 0.2 %

Shares of TXN stock opened at $206.93 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments has a one year low of $139.48 and a one year high of $214.66. The company’s fifty day moving average price is $203.65 and its 200-day moving average price is $195.48. The company has a market capitalization of $188.41 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 4.22 and a beta of 0.98.

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

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.63%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Thursday, October 31st. Texas Instruments’s dividend payout ratio is presently 84.87%.

Insider Activity at Texas Instruments

In other news, VP Shanon J. Leonard sold 2,816 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the transaction, the vice president now owns 28,894 shares in the company, valued at $6,035,956.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 in the last quarter. 0.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tsfg LLC boosted its stake in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares in the last quarter. Norwood Financial Corp purchased a new position in shares of Texas Instruments in the 1st quarter valued at $32,000. McClarren Financial Advisors Inc. bought a new position in shares of Texas Instruments in the 3rd quarter worth $43,000. Tradewinds Capital Management LLC lifted its stake in shares of Texas Instruments by 71.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 101 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new position in Texas Instruments in the first quarter valued at about $44,000. 84.99% of the stock is currently owned by 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.