Texas Instruments Incorporated (NASDAQ:TXN) Receives $206.95 Average Target Price from Brokerages

Shares of Texas Instruments Incorporated (NASDAQ:TXN) have received a consensus rating of “Hold” from the twenty-three ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $210.05.

Several research firms have recently weighed in on TXN. Evercore ISI lifted their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Robert W. Baird lowered their price objective on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd.

Insider Transactions at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now owns 28,894 shares in the company, valued at approximately $6,035,956.60. The trade was a 11.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,968 shares of company stock worth $3,126,464 in the last 90 days. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Anchor Investment Management LLC raised its holdings in Texas Instruments by 25.7% during the 3rd quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company’s stock valued at $2,403,000 after acquiring an additional 2,378 shares during the period. Invst LLC bought a new stake in Texas Instruments during the 3rd quarter valued at $209,000. TCW Group Inc. raised its holdings in Texas Instruments by 26.6% during the 3rd quarter. TCW Group Inc. now owns 48,440 shares of the semiconductor company’s stock valued at $10,006,000 after acquiring an additional 10,189 shares during the period. Soltis Investment Advisors LLC bought a new stake in Texas Instruments during the 3rd quarter valued at $292,000. Finally, Rehmann Capital Advisory Group raised its holdings in Texas Instruments by 5.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 4,451 shares of the semiconductor company’s stock valued at $922,000 after acquiring an additional 221 shares during the period. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Down 0.1 %

Shares of TXN opened at $198.00 on Friday. The company has a market capitalization of $180.62 billion, a PE ratio of 36.80, a PEG ratio of 4.33 and a beta of 0.99. Texas Instruments has a 12 month low of $151.27 and a 12 month high of $220.38. The stock’s 50-day moving average price is $204.45 and its two-hundred day moving average price is $200.25. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.80 EPS. On average, analysts anticipate that Texas Instruments will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date was Thursday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is presently 101.12%.

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.