Susquehanna Increases Texas Instruments (NASDAQ:TXN) Price Target to $205.00

Texas Instruments (NASDAQ:TXN) had its price objective raised by Susquehanna from $200.00 to $205.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a positive rating on the semiconductor company’s stock.

A number of other equities research analysts have also commented on the company. UBS Group upgraded 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. Cantor Fitzgerald increased their price objective on Texas Instruments from $170.00 to $180.00 and gave the company a neutral rating in a research report on Monday, April 8th. Evercore ISI assumed coverage on Texas Instruments in a research report on Tuesday, April 16th. They issued an outperform rating and a $213.00 price objective on the stock. KeyCorp increased their price objective on Texas Instruments from $180.00 to $200.00 and gave the company an overweight rating in a research report on Wednesday, January 24th. Finally, TD Cowen increased their price objective on Texas Instruments from $160.00 to $175.00 and gave the company a hold rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $180.74.

Texas Instruments Trading Up 1.3 %

Shares of TXN opened at $177.48 on Wednesday. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a current ratio of 4.91, a quick ratio of 3.35 and a debt-to-equity ratio of 0.76. The stock has a 50 day simple moving average of $169.29 and a 200-day simple moving average of $162.25. The stock has a market cap of $161.59 billion, a PE ratio of 27.69, a PEG ratio of 3.75 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. Texas Instruments’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.85 EPS. On average, sell-side analysts predict that Texas Instruments will post 5.2 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

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

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is currently owned by company insiders.

Institutional Trading of Texas Instruments

Several hedge funds and other institutional investors have recently modified their holdings of TXN. Riverwater Partners LLC bought a new position in shares of Texas Instruments in the 1st quarter valued at about $434,000. James Hambro & Partners grew its holdings in shares of Texas Instruments by 7.2% in the 1st quarter. James Hambro & Partners now owns 480,658 shares of the semiconductor company’s stock valued at $83,702,000 after acquiring an additional 32,193 shares in the last quarter. Conning Inc. grew its holdings in shares of Texas Instruments by 3.3% in the 1st quarter. Conning Inc. now owns 223,752 shares of the semiconductor company’s stock valued at $38,905,000 after acquiring an additional 7,067 shares in the last quarter. Finer Wealth Management Inc. grew its holdings in shares of Texas Instruments by 75.8% in the 1st quarter. Finer Wealth Management Inc. now owns 4,264 shares of the semiconductor company’s stock valued at $743,000 after acquiring an additional 1,839 shares in the last quarter. Finally, BLB&B Advisors LLC grew its holdings in shares of Texas Instruments by 2.5% in the 1st quarter. BLB&B Advisors LLC now owns 4,404 shares of the semiconductor company’s stock valued at $767,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.