Texas Instruments (NASDAQ:TXN) Price Target Raised to $157.00

Texas Instruments (NASDAQ:TXN) had its target price increased by The Goldman Sachs Group from $137.00 to $157.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a sell rating on the semiconductor company’s stock.

Several other research analysts also recently weighed in on the company. Barclays cut their price target on Texas Instruments from $160.00 to $150.00 and set an equal weight rating for the company in a research note on Wednesday, January 24th. Susquehanna raised their target price on Texas Instruments from $200.00 to $205.00 and gave the stock a positive rating in a research note on Wednesday. Mizuho raised their target price on Texas Instruments from $164.00 to $170.00 and gave the stock a neutral rating in a research note on Wednesday. Rosenblatt Securities restated a buy rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday. Finally, Stifel Nicolaus raised their target price on Texas Instruments from $160.00 to $172.00 and gave the stock a hold rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $180.74.

Texas Instruments Stock Up 1.3 %

TXN stock 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 $161.59 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 3.75 and a beta of 1.04. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The stock has a fifty day moving average of $169.29 and a 200-day moving average of $162.25.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The company 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 firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.85 EPS. As a group, equities research analysts predict that Texas Instruments will post 5.2 earnings per share for the current year.

Texas Instruments Announces Dividend

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

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction dated 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 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 accessible through this link. 0.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Texas Instruments

A number of large investors have recently bought and sold shares of TXN. Annapolis Financial Services LLC increased its stake in Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares during the period. Briaud Financial Planning Inc purchased a new position in Texas Instruments in the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners purchased a new position in Texas Instruments in the 4th quarter worth approximately $25,000. Life Planning Partners Inc purchased a new position in Texas Instruments in the 4th quarter worth approximately $26,000. Finally, Richardson Financial Services Inc. purchased a new position in Texas Instruments in the 4th quarter worth approximately $26,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Company Profile

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.