Texas Instruments (NASDAQ:TXN) Price Target Raised to $220.00

Texas Instruments (NASDAQ:TXN) had its price objective lifted by Citigroup from $210.00 to $220.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other research analysts also recently issued research reports about the stock. UBS Group reduced their price target on shares of Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Mizuho set a $170.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. TD Securities reaffirmed a “hold” rating and set a $160.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Cantor Fitzgerald dropped their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Finally, Wells Fargo & Company dropped their price objective on shares of Texas Instruments from $200.00 to $175.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $189.86.

Texas Instruments Trading Down 1.3%

Shares of Texas Instruments stock opened at $199.69 on Monday. The firm has a 50-day simple moving average of $171.02 and a two-hundred day simple moving average of $182.21. The company has a market cap of $181.41 billion, a P/E ratio of 38.48, a price-to-earnings-growth ratio of 3.30 and a beta of 1.00. Texas Instruments has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts predict that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.72%. Texas Instruments’s dividend payout ratio is presently 103.23%.

Institutional Investors Weigh In On Texas Instruments

Institutional investors have recently modified their holdings of the company. Mizuho Securities USA LLC lifted its position in shares of Texas Instruments by 46.0% during the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company’s stock worth $16,212,000 after purchasing an additional 27,251 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Texas Instruments during the 4th quarter worth $6,544,000. Banque Pictet & Cie SA lifted its position in shares of Texas Instruments by 0.9% during the 4th quarter. Banque Pictet & Cie SA now owns 2,197,676 shares of the semiconductor company’s stock worth $412,086,000 after purchasing an additional 18,650 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its position in shares of Texas Instruments by 17.9% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,125 shares of the semiconductor company’s stock worth $961,000 after purchasing an additional 778 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its position in shares of Texas Instruments by 2.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company’s stock worth $67,276,000 after purchasing an additional 7,500 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

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.