Brokerages Set Texas Instruments Incorporated (NASDAQ:TXN) Price Target at $191.49

Shares of Texas Instruments Incorporated (NASDAQ:TXN) have earned an average rating of “Hold” from the thirty research firms that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $194.2182.

A number of analysts have recently weighed in on the stock. TD Cowen reduced their target price on shares of Texas Instruments from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Truist Financial boosted their price objective on Texas Instruments from $175.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. Cowen restated a “buy” rating on shares of Texas Instruments in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. dropped their target price on Texas Instruments from $225.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $190.00 price target on shares of Texas Instruments in a report on Tuesday, December 16th.

Texas Instruments Stock Up 1.3%

NASDAQ TXN opened at $191.58 on Thursday. The stock has a 50 day moving average price of $175.26 and a 200-day moving average price of $183.24. Texas Instruments has a one year low of $139.95 and a one year high of $221.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.90 and a current ratio of 4.45. The company has a market capitalization of $174.07 billion, a P/E ratio of 35.02, a P/E/G ratio of 3.09 and a beta of 1.00.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.48. Texas Instruments had a net margin of 29.21% and a return on equity of 30.41%. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Texas Instruments’s revenue was up 14.2% on a year-over-year basis. As a group, equities analysts predict that Texas Instruments will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $5.68 annualized dividend and a dividend yield of 3.0%. Texas Instruments’s dividend payout ratio is currently 103.84%.

Insider Activity

In related news, VP Christine Witzsche sold 1,000 shares of Texas Instruments stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $164.31, for a total transaction of $164,310.00. Following the completion of the transaction, the vice president directly owned 20,821 shares of the company’s stock, valued at approximately $3,421,098.51. The trade was a 4.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald Kirk sold 9,990 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $162.33, for a total transaction of $1,621,676.70. Following the transaction, the director owned 14,937 shares in the company, valued at $2,424,723.21. The trade was a 40.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

Large investors have recently bought and sold shares of the business. Strategic Wealth Investment Group LLC purchased a new stake in Texas Instruments in the second quarter worth $25,000. Pacifica Partners Inc. grew its holdings in shares of Texas Instruments by 85.2% in the third quarter. Pacifica Partners Inc. now owns 150 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 69 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in Texas Instruments in the 3rd quarter worth about $29,000. Osterweis Capital Management Inc. lifted its holdings in Texas Instruments by 1,810.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 191 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 181 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in Texas Instruments by 69.9% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 192 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.

TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.