Texas Instruments (NASDAQ:TXN) Price Target Raised to $220.00 at Citigroup

Texas Instruments (NASDAQ:TXN) had its target price raised by Citigroup from $210.00 to $220.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other brokerages have also recently issued reports on TXN. Wells Fargo & Company reduced their price objective on Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. DZ Bank upgraded Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price target on the stock in a research report on Friday, April 25th. Robert W. Baird raised Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target on the stock in a research note on Monday, April 7th. Benchmark cut their target price on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Finally, Stifel Nicolaus lowered their price target on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $189.86.

Texas Instruments Stock Up 3.5%

Shares of NASDAQ:TXN opened at $199.21 on Monday. The firm has a fifty day moving average of $169.29 and a 200 day moving average of $181.95. Texas Instruments has a 52-week low of $139.95 and a 52-week high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm has a market capitalization of $180.98 billion, a PE ratio of 38.38, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 EPS. As a group, research analysts anticipate that Texas Instruments will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 103.23%.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently added to or reduced their stakes in TXN. Promus Capital LLC bought a new position in Texas Instruments in the 4th quarter worth about $25,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $28,000. Cloud Capital Management LLC purchased a new stake in shares of Texas Instruments during the first quarter valued at approximately $28,000. Finally, Copia Wealth Management bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $30,000. 84.99% of the stock is owned by institutional investors.

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.