Mizuho Boosts Texas Instruments (NASDAQ:TXN) Price Target to $170.00

Texas Instruments (NASDAQ:TXN) had its price objective boosted by Mizuho from $164.00 to $170.00 in a research note released on Wednesday morning, Benzinga reports. Mizuho currently has a neutral rating on the semiconductor company’s stock.

Several other research firms also recently weighed in on TXN. UBS Group upgraded shares of Texas Instruments from a neutral rating to a buy rating and increased their price target for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Morgan Stanley increased their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a research note on Wednesday, January 24th. Rosenblatt Securities reissued a buy rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday. Susquehanna reduced their price objective on shares of Texas Instruments from $205.00 to $200.00 and set a positive rating for the company in a research note on Wednesday, January 24th. Finally, KeyCorp increased their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $180.74.

Texas Instruments Stock Up 1.3 %

TXN opened at $177.48 on Wednesday. The company has a current ratio of 4.91, a quick ratio of 3.35 and a debt-to-equity ratio of 0.76. Texas Instruments has a 1-year low of $139.48 and a 1-year high of $188.12. The company has a market capitalization of $161.52 billion, a PE ratio of 27.69, a PEG ratio of 3.77 and a beta of 1.04. The firm’s 50 day simple moving average is $169.29 and its two-hundred day simple moving average is $162.22.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the firm earned $1.85 earnings per share. The company’s quarterly revenue was down 16.4% on a year-over-year basis. As a group, equities analysts forecast that Texas Instruments will post 5.16 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be paid a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.93%. Texas Instruments’s payout ratio is currently 81.12%.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

Institutional investors and hedge funds have recently made changes to their positions in the business. AXQ Capital LP grew its stake in shares of Texas Instruments by 64.3% in the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after buying an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of Texas Instruments by 0.4% in the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock worth $7,182,000 after acquiring an additional 155 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Texas Instruments by 39.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock worth $1,336,000 after acquiring an additional 2,397 shares during the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of Texas Instruments by 2.2% in the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after acquiring an additional 177 shares during the last quarter. Finally, Chicago Capital LLC lifted its holdings in shares of Texas Instruments by 182.7% in the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock worth $2,192,000 after acquiring an additional 8,311 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other 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.