Texas Instruments Incorporated (NASDAQ:TXN) Receives $182.48 Consensus PT from Analysts

Shares of Texas Instruments Incorporated (NASDAQ:TXN) have received an average rating of “Hold” from the twenty-two analysts that are covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $183.43.

A number of analysts have weighed in on the stock. Evercore ISI increased their target price 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. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. TD Cowen increased their price target on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. increased their price target on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Finally, Citigroup increased their price target on Texas Instruments from $167.00 to $185.00 and gave the stock a “neutral” rating in a report on Monday, May 13th.

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The disclosure for this sale can be found here. In the last three months, insiders sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Instruments

Several large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Texas Instruments in the 4th quarter worth about $1,649,592,000. Van ECK Associates Corp increased its holdings in Texas Instruments by 54.3% in the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock worth $976,765,000 after acquiring an additional 1,972,304 shares during the last quarter. Morgan Stanley increased its holdings in Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after acquiring an additional 1,755,582 shares during the last quarter. California Public Employees Retirement System increased its holdings in Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after acquiring an additional 1,502,989 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after acquiring an additional 1,439,066 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $195.53 on Wednesday. The company has a market capitalization of $178.03 billion, a PE ratio of 30.50, a P/E/G ratio of 4.25 and a beta of 1.00. The company has a 50 day simple moving average of $187.33 and a two-hundred day simple moving average of $173.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $206.00.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 EPS. Research analysts anticipate that Texas Instruments will post 5.13 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s payout ratio is currently 81.12%.

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.