Mizuho Cuts Texas Instruments (NASDAQ:TXN) Price Target to $200.00

Texas Instruments (NASDAQ:TXN) had its price objective reduced by Mizuho from $205.00 to $200.00 in a report released on Wednesday morning, MarketBeat reports. They currently have a neutral rating on the semiconductor company’s stock.

Several other research firms have also commented on TXN. Truist Financial dropped their target price on Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Cowen restated a “hold” rating on shares of Texas Instruments in a research report on Wednesday, June 25th. Summit Insights cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Texas Instruments in a report on Tuesday. Finally, The Goldman Sachs Group initiated coverage on shares of Texas Instruments in a report on Thursday, July 10th. They set a “buy” rating and a $255.00 price target on the stock. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $211.40.

Texas Instruments Stock Down 0.4%

NASDAQ:TXN opened at $184.99 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.37. The company’s fifty day moving average price is $200.30 and its 200-day moving average price is $185.52. Texas Instruments has a 1-year low of $139.95 and a 1-year high of $221.69. The firm has a market capitalization of $168.06 billion, a P/E ratio of 33.88, a PEG ratio of 3.06 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 earnings per share. As a group, equities research analysts anticipate that Texas Instruments will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

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 given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is 99.63%.

Hedge Funds Weigh In On Texas Instruments

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund lifted its position in Texas Instruments by 0.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 78,557 shares of the semiconductor company’s stock worth $16,310,000 after buying an additional 393 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Texas Instruments by 1.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 87,748 shares of the semiconductor company’s stock worth $18,218,000 after acquiring an additional 920 shares during the last quarter. Vest Financial LLC raised its holdings in shares of Texas Instruments by 39.7% during the 2nd quarter. Vest Financial LLC now owns 51,916 shares of the semiconductor company’s stock worth $10,779,000 after acquiring an additional 14,755 shares during the period. M.E. Allison & CO. Inc. acquired a new position in shares of Texas Instruments during the 2nd quarter valued at about $252,000. Finally, St. Louis Trust Co purchased a new stake in shares of Texas Instruments in the second quarter valued at about $229,000. 84.99% of the stock is currently 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.