Texas Instruments (NASDAQ:TXN) Price Target Raised to $172.00 at Stifel Nicolaus

Texas Instruments (NASDAQ:TXN) had its price objective lifted by Stifel Nicolaus from $160.00 to $172.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the semiconductor company’s stock.

Several other equities analysts also recently weighed in on the company. UBS Group upgraded Texas Instruments from a neutral rating to a buy rating and increased their target price for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Mizuho increased their target price on Texas Instruments from $164.00 to $170.00 and gave the stock a neutral rating in a research report on Wednesday. Cantor Fitzgerald increased their target price on Texas Instruments from $170.00 to $180.00 and gave the stock a neutral rating in a research report on Monday, April 8th. Evercore ISI assumed coverage on Texas Instruments in a research report on Tuesday, April 16th. They set an outperform rating and a $213.00 target price on the stock. Finally, Morgan Stanley increased their target price on Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $180.74.

Texas Instruments Stock Up 1.3 %

Shares of NASDAQ:TXN opened at $177.48 on Wednesday. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $188.12. The stock’s fifty day simple moving average is $169.29 and its 200-day simple moving average is $162.25. The company has a market capitalization of $161.59 billion, a P/E ratio of 27.69, a P/E/G ratio of 3.75 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the business earned $1.85 earnings per share. The business’s revenue was down 16.4% on a year-over-year basis. As a group, equities research analysts forecast that Texas Instruments will post 5.2 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be issued a $1.30 dividend. 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 (DPR) is 81.12%.

Insider Transactions at Texas Instruments

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

Institutional Investors Weigh In On Texas Instruments

A number of large investors have recently modified their holdings of TXN. Founders Financial Securities LLC grew its stake in shares of Texas Instruments by 4.5% in the third quarter. Founders Financial Securities LLC now owns 3,483 shares of the semiconductor company’s stock valued at $554,000 after buying an additional 150 shares in the last quarter. Meridian Wealth Management LLC grew its stake in Texas Instruments by 4.5% during the 3rd quarter. Meridian Wealth Management LLC now owns 4,762 shares of the semiconductor company’s stock valued at $757,000 after purchasing an additional 207 shares in the last quarter. Private Trust Co. NA grew its stake in Texas Instruments by 1.1% during the 3rd quarter. Private Trust Co. NA now owns 7,976 shares of the semiconductor company’s stock valued at $1,268,000 after purchasing an additional 87 shares in the last quarter. Boston Trust Walden Corp grew its stake in Texas Instruments by 38.2% during the 3rd quarter. Boston Trust Walden Corp now owns 54,143 shares of the semiconductor company’s stock valued at $8,609,000 after purchasing an additional 14,965 shares in the last quarter. Finally, Capital Asset Advisory Services LLC grew its stake in Texas Instruments by 4.7% during the 3rd quarter. Capital Asset Advisory Services LLC now owns 1,659 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.