Texas Instruments (NASDAQ:TXN) Price Target Raised to $192.00

Texas Instruments (NASDAQ:TXN) had its price objective increased by Stifel Nicolaus from $160.00 to $192.00 in a report issued on Friday morning,Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

A number of other brokerages have also recently commented on TXN. Sanford C. Bernstein raised shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 5th. The Goldman Sachs Group assumed coverage on shares of Texas Instruments in a research note on Thursday, July 10th. They set a “buy” rating and a $255.00 price objective on the stock. Barclays cut Texas Instruments from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Argus raised Texas Instruments to a “strong-buy” rating in a research note on Friday, April 25th. Finally, Mizuho increased their price objective on shares of Texas Instruments from $170.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $204.87.

Texas Instruments Stock Performance

Shares of TXN stock opened at $216.62 on Friday. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments has a 12-month low of $139.95 and a 12-month high of $221.69. The company has a market cap of $196.79 billion, a price-to-earnings ratio of 41.10, a price-to-earnings-growth ratio of 3.53 and a beta of 1.03. The stock has a 50 day simple moving average of $199.35 and a 200-day simple moving average of $185.23.

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. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the business earned $1.10 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be paid a dividend of $1.36 per share. The ex-dividend date is Thursday, July 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.51%. Texas Instruments’s dividend payout ratio is presently 103.23%.

Hedge Funds Weigh In On Texas Instruments

A number of institutional investors have recently made changes to their positions in TXN. Vanguard Group Inc. lifted its holdings in shares of Texas Instruments by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company’s stock worth $16,895,567,000 after purchasing an additional 453,683 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Texas Instruments by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company’s stock valued at $3,938,274,000 after purchasing an additional 428,356 shares during the period. Geode Capital Management LLC grew its stake in shares of Texas Instruments by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock worth $4,032,599,000 after purchasing an additional 267,352 shares during the last quarter. Norges Bank purchased a new stake in shares of Texas Instruments during the fourth quarter valued at $2,584,490,000. Finally, Invesco Ltd. boosted its position in shares of Texas Instruments by 14.6% in the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock valued at $2,448,335,000 after purchasing an additional 1,731,411 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

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.