TD Cowen Raises Texas Instruments (NASDAQ:TXN) Price Target to $175.00

Texas Instruments (NASDAQ:TXN) had its target price boosted by TD Cowen from $160.00 to $175.00 in a report published on Wednesday, Marketbeat.com reports. They currently have a hold rating on the semiconductor company’s stock.

Other equities analysts have also issued reports about the stock. Susquehanna decreased their target price on shares of Texas Instruments from $205.00 to $200.00 and set a positive rating on the stock in a report on Wednesday, January 24th. Cantor Fitzgerald boosted their target price on shares of Texas Instruments from $170.00 to $180.00 and gave the company a neutral rating in a report on Monday, April 8th. Rosenblatt Securities reiterated a buy rating and issued a $190.00 target price on shares of Texas Instruments in a report on Tuesday, January 23rd. Barclays decreased their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an equal weight rating on the stock in a report on Wednesday, January 24th. Finally, Evercore ISI assumed coverage on shares of Texas Instruments in a report on Tuesday, April 16th. They issued an outperform rating and a $213.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $180.74.

Texas Instruments Stock Performance

TXN opened at $177.48 on Wednesday. The firm has a market capitalization of $161.52 billion, a PE ratio of 27.69, a PEG ratio of 3.77 and a beta of 1.04. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $188.12. The firm’s 50-day moving average price is $169.29 and its 200 day moving average price is $162.22. The company has a current ratio of 4.91, a quick ratio of 3.35 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 EPS. As a group, sell-side analysts expect that Texas Instruments will post 5.16 EPS for the current fiscal year.

Texas Instruments Announces Dividend

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

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Instruments

Large investors have recently modified their holdings of the company. AXQ Capital LP increased its position in shares of Texas Instruments by 64.3% in the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 1,800 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in shares of Texas Instruments by 0.4% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after purchasing an additional 155 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Texas Instruments by 39.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after purchasing an additional 2,397 shares during the last quarter. Salem Investment Counselors Inc. increased its position in shares of Texas Instruments by 2.2% in the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after purchasing an additional 177 shares during the last quarter. Finally, Chicago Capital LLC increased its position in shares of Texas Instruments by 182.7% in the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after purchasing an additional 8,311 shares during the last quarter. 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.