Texas Instruments (NASDAQ:TXN) PT Raised to $185.00 at Jefferies Financial Group

Texas Instruments (NASDAQ:TXN) had its price target upped by Jefferies Financial Group from $175.00 to $185.00 in a report released on Wednesday, Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group boosted their target price on Texas Instruments from $137.00 to $157.00 and gave the stock a sell rating in a report on Wednesday, April 24th. Robert W. Baird boosted their target price on Texas Instruments from $125.00 to $175.00 and gave the stock a neutral rating in a report on Thursday, April 25th. Mizuho upped their price objective on Texas Instruments from $164.00 to $170.00 and gave the company a neutral rating in a report on Wednesday, April 24th. Morgan Stanley upped their price objective on Texas Instruments from $150.00 to $156.00 and gave the company an underweight rating in a report on Thursday, July 11th. Finally, Citigroup upped their price objective on Texas Instruments from $185.00 to $200.00 and gave the company a neutral rating in a report on Monday, July 15th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $198.64.

Texas Instruments Price Performance

NASDAQ:TXN opened at $201.99 on Wednesday. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $210.84. The stock has a 50 day moving average of $198.04 and a two-hundred day moving average of $179.78. The company has a current ratio of 4.62, a quick ratio of 3.76 and a debt-to-equity ratio of 0.75. The firm has a market cap of $184.43 billion, a P/E ratio of 31.51, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.87 EPS. On average, analysts expect that Texas Instruments will post 5.14 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Wednesday, July 31st. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the transaction, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now directly owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock valued at $58,427,984 over the last quarter. 0.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Texas Instruments

Hedge funds have recently made changes to their positions in the company. Kintegral Advisory LLC boosted its stake in shares of Texas Instruments by 14.1% during the second quarter. Kintegral Advisory LLC now owns 45,375 shares of the semiconductor company’s stock worth $8,827,000 after buying an additional 5,618 shares during the period. K.J. Harrison & Partners Inc acquired a new stake in shares of Texas Instruments during the second quarter worth about $389,000. Simmons Bank boosted its stake in shares of Texas Instruments by 1.0% during the second quarter. Simmons Bank now owns 33,194 shares of the semiconductor company’s stock worth $6,457,000 after buying an additional 334 shares during the period. AustralianSuper Pty Ltd boosted its stake in shares of Texas Instruments by 33.1% during the second quarter. AustralianSuper Pty Ltd now owns 5,740 shares of the semiconductor company’s stock worth $1,117,000 after buying an additional 1,428 shares during the period. Finally, Atomi Financial Group Inc. boosted its stake in shares of Texas Instruments by 157.3% during the second quarter. Atomi Financial Group Inc. now owns 3,178 shares of the semiconductor company’s stock worth $618,000 after buying an additional 1,943 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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.