Barclays Raises Texas Instruments (NASDAQ:TXN) Price Target to $190.00

Texas Instruments (NASDAQ:TXN) had its price objective upped by Barclays from $150.00 to $190.00 in a research note published on Monday morning, Benzinga reports. They currently have an equal weight rating on the semiconductor company’s stock.

TXN has been the topic of a number of other reports. Wells Fargo & Company began coverage on Texas Instruments in a research report on Thursday, May 16th. They issued an underweight rating and a $150.00 target price on the stock. Oppenheimer reaffirmed a market perform rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Rosenblatt Securities reaffirmed a buy rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Citigroup upped their target price on Texas Instruments from $167.00 to $185.00 and gave the company a neutral rating in a research report on Monday, May 13th. Finally, Stifel Nicolaus boosted their price target on Texas Instruments from $160.00 to $172.00 and gave the company a hold rating in a report on Wednesday, April 24th. 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 company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $182.48.

Texas Instruments Stock Performance

Texas Instruments stock opened at $202.54 on Monday. The stock’s 50 day moving average price is $176.10 and its 200 day moving average price is $167.16. The firm has a market capitalization of $184.41 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 4.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. Texas Instruments has a one year low of $139.48 and a one year high of $203.62.

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 the consensus estimate of $1.07 by $0.13. The firm 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 previous year, the company posted $1.85 EPS. As a group, sell-side analysts expect that Texas Instruments will post 5.17 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s payout ratio is currently 81.12%.

Insiders Place Their Bets

In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the company’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 of the company’s stock, valued at approximately $3,580,061.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction dated Wednesday, May 1st. The shares were 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 a total of 328,969 shares of company stock valued at $58,427,984 in the last three months. Insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

Hedge funds have recently added to or reduced their stakes in the business. AXQ Capital LP lifted its position 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 acquiring an additional 1,800 shares during the period. First National Bank of Mount Dora Trust Investment Services lifted its position 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 period. Silver Oak Securities Incorporated bought a new stake in shares of Texas Instruments in the 4th quarter worth approximately $222,000. First National Advisers LLC lifted its position in shares of Texas Instruments by 27.6% in the 4th quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock worth $1,623,000 after acquiring an additional 2,059 shares during the period. Finally, Salem Investment Counselors Inc. lifted its position 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 period. 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.