Texas Instruments (NASDAQ:TXN) Price Target Raised to $225.00

Texas Instruments (NASDAQ:TXN) had its target price boosted by Evercore ISI from $213.00 to $225.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the semiconductor company’s stock.

A number of other research analysts also recently commented on TXN. Cantor Fitzgerald reiterated a neutral rating and set a $180.00 target price on shares of Texas Instruments in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on Texas Instruments from $180.00 to $195.00 and gave the stock an overweight rating in a research report on Wednesday. Morgan Stanley raised their price target on Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a research report on Wednesday, January 24th. KeyCorp raised their price target on Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a research report on Wednesday, January 24th. Finally, Truist Financial raised their price target on Texas Instruments from $165.00 to $167.00 and gave the stock a hold rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $180.74.

Texas Instruments Stock Up 1.3 %

NASDAQ TXN opened at $177.48 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. The company has a market capitalization of $161.52 billion, a P/E ratio of 27.69, a P/E/G ratio of 3.77 and a beta of 1.04. Texas Instruments has a one year low of $139.48 and a one year high of $188.12. The stock has a 50 day moving average price of $169.29 and a 200-day moving average price of $162.22.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.85 EPS. As a group, equities analysts predict that Texas Instruments will post 5.16 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a dividend yield of 2.93%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Annapolis Financial Services LLC grew its stake in Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in Texas Instruments in the third quarter worth about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments in the fourth quarter worth about $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments in the fourth quarter worth about $26,000. Finally, Richardson Financial Services Inc. acquired a new stake in Texas Instruments in the fourth quarter worth about $26,000. Hedge funds and other institutional investors 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.