Texas Instruments (NASDAQ:TXN) Price Target Increased to $203.00 by Analysts at Truist Financial

Texas Instruments (NASDAQ:TXN) had its price target hoisted by Truist Financial from $167.00 to $203.00 in a research note published on Wednesday, Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

Several other analysts also recently weighed in on TXN. Barclays boosted their price target on shares of Texas Instruments from $150.00 to $190.00 and gave the stock an equal weight rating in a research note on Monday, May 20th. Stifel Nicolaus boosted their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the company a hold rating in a research report on Thursday, July 18th. Evercore ISI boosted their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the company an outperform rating in a research report on Wednesday, April 24th. Mizuho boosted their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the company a neutral rating in a research report on Wednesday, April 24th. Finally, Susquehanna boosted their price objective on shares of Texas Instruments from $205.00 to $250.00 and gave the company a positive rating in a research report on Wednesday, July 17th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $198.64.

Texas Instruments Stock Performance

NASDAQ TXN opened at $201.99 on Wednesday. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $210.84. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.76 and a current ratio of 4.62. The company has a market capitalization 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 company has a fifty day moving average of $198.04 and a 200-day moving average of $179.86.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.87 earnings per share. As a group, equities research analysts predict that Texas Instruments will post 5.14 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Wednesday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insiders Place Their Bets

In other news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 328,969 shares of company stock worth $58,427,984. 0.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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