Texas Instruments (NASDAQ:TXN) Given New $203.00 Price Target at Truist Financial

Texas Instruments (NASDAQ:TXN) had its price target lifted by Truist Financial from $167.00 to $203.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the semiconductor company’s stock.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company began coverage on shares of Texas Instruments in a report on Thursday, May 16th. They set an underweight rating and a $150.00 target price for the company. Benchmark increased their target price on shares of Texas Instruments from $210.00 to $230.00 and gave the stock a buy rating in a report on Friday, June 21st. The Goldman Sachs Group increased their target price on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a sell rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. increased their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an overweight rating in a report on Wednesday, April 24th. Finally, Oppenheimer restated a market perform rating on shares of Texas Instruments in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $198.64.

Texas Instruments Stock Up 2.5 %

Shares of TXN stock opened at $201.99 on Wednesday. The firm has a fifty day moving average of $198.04 and a 200-day moving average of $179.86. The company has a quick ratio of 3.76, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $210.84. The company has a market capitalization of $184.43 billion, a price-to-earnings ratio of 31.51, a P/E/G ratio of 4.26 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the firm earned $1.87 earnings per share. The firm’s revenue was down 15.6% compared to the same quarter last year. As a group, equities research analysts predict that Texas Instruments will post 5.14 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Investors 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 yield of 2.57%. The ex-dividend date is Wednesday, July 31st. Texas Instruments’s dividend payout ratio is 81.12%.

Insider Buying and Selling

In related news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

Hedge funds have recently bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments in the 4th quarter valued at about $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $26,000. Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $26,000. Finally, Westend Capital Management LLC acquired a new stake in shares of Texas Instruments in the 1st quarter valued at approximately $31,000. 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.