Texas Instruments (NASDAQ:TXN) PT Raised to $167.00

Texas Instruments (NASDAQ:TXN) had its target price lifted by Morgan Stanley from $154.00 to $167.00 in a report released on Wednesday morning, Benzinga reports. Morgan Stanley currently has an underweight rating on the semiconductor company’s stock.

Several other brokerages have also commented on TXN. Cantor Fitzgerald lowered their price objective on Texas Instruments from $210.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, October 8th. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price target for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Monday, October 14th. Jefferies Financial Group raised their target price on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus boosted their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Three 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $206.95.

Texas Instruments Stock Performance

Shares of TXN stock opened at $201.74 on Wednesday. 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. The stock has a fifty day moving average of $203.43 and a 200 day moving average of $194.99. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $214.66. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.15%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the firm posted $1.80 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, research analysts expect that Texas Instruments will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

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

Insider Buying and Selling at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction 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 approximately $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the transaction, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 11,806 shares in the company, valued at approximately $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. Insiders have sold 15,558 shares of company stock valued at $3,255,323 in the last quarter. 0.68% of the stock is owned by insiders.

Institutional Trading of Texas Instruments

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tsfg LLC raised its holdings in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares in the last quarter. Norwood Financial Corp bought a new position in shares of Texas Instruments during the 1st quarter worth approximately $32,000. McClarren Financial Advisors Inc. purchased a new stake in Texas Instruments during the third quarter valued at approximately $43,000. Tradewinds Capital Management LLC boosted its stake in Texas Instruments by 71.1% in the first quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 101 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in Texas Instruments in the first quarter valued at approximately $44,000. 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.