Texas Instruments Incorporated (NASDAQ:TXN) Receives $209.20 Consensus Price Target from Brokerages

Texas Instruments Incorporated (NASDAQ:TXN) has been given a consensus recommendation of “Hold” by the twenty-two analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $209.20.

A number of equities analysts recently commented on TXN shares. Benchmark reiterated a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Susquehanna dropped their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Robert W. Baird decreased their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Barclays dropped their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th.

Insiders Place Their Bets

In other news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

A number of hedge funds have recently added to or reduced their stakes in TXN. Ascent Group LLC raised its stake in shares of Texas Instruments by 3.5% in the second quarter. Ascent Group LLC now owns 2,442 shares of the semiconductor company’s stock worth $475,000 after purchasing an additional 83 shares during the last quarter. SPC Financial Inc. increased its holdings in Texas Instruments by 2.4% in the 2nd quarter. SPC Financial Inc. now owns 3,611 shares of the semiconductor company’s stock worth $702,000 after buying an additional 84 shares in the last quarter. Cetera Investment Advisers raised its position in Texas Instruments by 0.8% in the 2nd quarter. Cetera Investment Advisers now owns 201,746 shares of the semiconductor company’s stock worth $39,246,000 after buying an additional 1,561 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Texas Instruments by 15.5% during the 2nd quarter. Clearbridge Investments LLC now owns 994,222 shares of the semiconductor company’s stock valued at $193,406,000 after acquiring an additional 133,606 shares during the period. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Texas Instruments during the 2nd quarter valued at about $122,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $184.61 on Thursday. The company’s fifty day moving average price is $191.69 and its 200-day moving average price is $198.84. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The firm has a market capitalization of $168.40 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.87 and a beta of 0.98. Texas Instruments has a one year low of $155.46 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the previous year, the business posted $1.49 EPS. On average, equities research analysts anticipate that Texas Instruments will post 5.42 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Friday, January 31st. Texas Instruments’s payout ratio is 104.82%.

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.