Texas Instruments (NASDAQ:TXN) Given New $198.00 Price Target at Truist Financial

Texas Instruments (NASDAQ:TXN) had its target price cut by Truist Financial from $203.00 to $198.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

TXN has been the subject of several other research reports. JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an overweight rating in a research report on Wednesday, July 24th. Barclays boosted their price target on Texas Instruments from $190.00 to $210.00 and gave the company an equal weight rating in a research note on Wednesday, July 24th. The Goldman Sachs Group increased their price objective on Texas Instruments from $157.00 to $176.00 and gave the stock a sell rating in a research note on Wednesday, July 24th. Susquehanna boosted their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the company a positive rating in a research note on Wednesday, July 17th. Finally, Benchmark reiterated a buy rating and set a $230.00 target price on shares of Texas Instruments in a research report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $201.95.

Texas Instruments Price Performance

Shares of TXN stock opened at $208.37 on Wednesday. The company has a market capitalization of $189.72 billion, a P/E ratio of 32.51, a P/E/G ratio of 4.36 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $210.88. The stock has a 50 day moving average of $197.51 and a two-hundred day moving average of $183.61.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period last year, the business earned $1.87 earnings per share. Texas Instruments’s quarterly revenue was down 15.6% compared to the same quarter last year. As a group, equities analysts expect that Texas Instruments will post 5.11 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.50%. Texas Instruments’s payout ratio is currently 81.12%.

Institutional Trading of Texas Instruments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Texas Instruments in the 4th quarter valued at about $1,649,592,000. Van ECK Associates Corp grew its holdings in Texas Instruments by 54.3% during 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 period. Capital Research Global Investors raised its position in shares of Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after acquiring an additional 1,279,828 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Texas Instruments by 65.8% in the 1st quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock valued at $518,629,000 after purchasing an additional 1,181,841 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after purchasing an additional 1,154,513 shares during the last quarter. 84.99% of the stock is currently 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.