KeyCorp Boosts Texas Instruments (NASDAQ:TXN) Price Target to $250.00

Texas Instruments (NASDAQ:TXN) had its price objective lifted by KeyCorp from $200.00 to $250.00 in a report published on Wednesday morning, Benzinga reports. KeyCorp currently has an overweight rating on the semiconductor company’s stock.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their price objective on Texas Instruments from $180.00 to $195.00 and gave the company an overweight rating in a research note on Wednesday, April 24th. Barclays increased their price objective on Texas Instruments from $150.00 to $190.00 and gave the company an equal weight rating in a research note on Monday, May 20th. Stifel Nicolaus raised their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a hold rating in a research note on Thursday, July 18th. Cantor Fitzgerald raised their price target on Texas Instruments from $180.00 to $210.00 and gave the stock a neutral rating in a research note on Wednesday, May 15th. Finally, Robert W. Baird raised their price target on Texas Instruments from $125.00 to $175.00 and gave the stock a neutral rating in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of Hold and an average price target of $198.64.

Texas Instruments Trading Up 2.5 %

Shares of TXN stock opened at $201.99 on Wednesday. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $210.84. The stock has a market cap of $184.43 billion, a P/E ratio of 31.51, a P/E/G ratio of 4.26 and a beta of 0.99. The business has a fifty day simple moving average of $198.04 and a 200-day simple moving average of $179.78. The company has a quick ratio of 3.76, a current ratio of 4.62 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.87 earnings per share. On average, analysts forecast that Texas Instruments will post 5.14 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.57%. Texas Instruments’s payout ratio is currently 81.12%.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the sale, the chairman now owns 403,851 shares in the company, valued at $72,160,096.68. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock worth $58,427,984 in the last three months. 0.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Instruments

Institutional investors and hedge funds have recently made changes to their positions in the company. CVA Family Office LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth $61,000. Pacer Advisors Inc. raised its holdings in shares of Texas Instruments by 6.6% during the fourth quarter. Pacer Advisors Inc. now owns 103,012 shares of the semiconductor company’s stock worth $17,559,000 after purchasing an additional 6,371 shares during the period. Planned Solutions Inc. acquired a new stake in shares of Texas Instruments during the fourth quarter worth $175,000. Procyon Advisors LLC raised its holdings in shares of Texas Instruments by 80.7% during the fourth quarter. Procyon Advisors LLC now owns 11,016 shares of the semiconductor company’s stock worth $1,878,000 after purchasing an additional 4,919 shares during the period. Finally, MJP Associates Inc. ADV raised its holdings in shares of Texas Instruments by 53.8% during the fourth quarter. MJP Associates Inc. ADV now owns 1,946 shares of the semiconductor company’s stock worth $332,000 after purchasing an additional 681 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

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.