Texas Instruments (NASDAQ:TXN) Price Target Raised to $145.00 at Deutsche Bank Aktiengesellschaft

Texas Instruments (NASDAQ:TXN) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $135.00 to $145.00 in a research report report published on Wednesday morning, The Fly reports. They currently have a hold rating on the semiconductor company’s stock.

TXN has been the subject of a number of other reports. Oppenheimer boosted their price target on Texas Instruments from $150.00 to $170.00 and gave the company an outperform rating in a report on Friday, October 16th. Stifel Nicolaus boosted their price target on Texas Instruments from $140.00 to $160.00 and gave the company a hold rating in a report on Thursday, October 15th. DZ Bank raised Texas Instruments from a hold rating to a buy rating and set a $158.00 price target for the company in a report on Thursday, July 23rd. Royal Bank of Canada restated a neutral rating and issued a $155.00 price objective (up from $140.00) on shares of Texas Instruments in a research report on Wednesday. Finally, Cascend Securities boosted their price objective on Texas Instruments from $160.00 to $170.00 and gave the company a buy rating in a research report on Monday, October 19th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $150.14.

Shares of NASDAQ:TXN opened at $149.96 on Wednesday. Texas Instruments has a 12-month low of $93.09 and a 12-month high of $155.88. The company has a market capitalization of $137.35 billion, a PE ratio of 28.35, a PEG ratio of 3.15 and a beta of 1.14. The business has a 50 day moving average of $143.44 and a two-hundred day moving average of $128.88. The company has a current ratio of 3.92, a quick ratio of 2.94 and a debt-to-equity ratio of 0.82.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 20th. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.17. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the company posted $1.49 earnings per share. Texas Instruments’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities research analysts predict that Texas Instruments will post 5.15 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be issued a $1.02 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $0.90. This represents a $4.08 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, October 29th. Texas Instruments’s dividend payout ratio is presently 68.70%.

In other news, Director Pamela H. Patsley sold 12,156 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $132.18, for a total value of $1,606,780.08. Following the transaction, the director now owns 43,082 shares of the company’s stock, valued at approximately $5,694,578.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Bing Xie sold 53,800 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $130.92, for a total value of $7,043,496.00. Following the completion of the transaction, the senior vice president now directly owns 76,096 shares in the company, valued at approximately $9,962,488.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,240 shares of company stock valued at $24,454,298. 0.73% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Wedbush Securities Inc. lifted its stake in shares of Texas Instruments by 3.1% in the 2nd quarter. Wedbush Securities Inc. now owns 6,500 shares of the semiconductor company’s stock valued at $825,000 after purchasing an additional 194 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Texas Instruments by 5.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 27,843 shares of the semiconductor company’s stock valued at $3,536,000 after purchasing an additional 1,440 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Texas Instruments by 14.5% in the 2nd quarter. Private Advisor Group LLC now owns 29,561 shares of the semiconductor company’s stock valued at $3,753,000 after purchasing an additional 3,741 shares during the last quarter. Metropolis Capital Ltd lifted its stake in shares of Texas Instruments by 35.3% in the 2nd quarter. Metropolis Capital Ltd now owns 753,924 shares of the semiconductor company’s stock valued at $95,726,000 after purchasing an additional 196,747 shares during the last quarter. Finally, Arden Trust Co lifted its stake in Texas Instruments by 11.6% during the 2nd quarter. Arden Trust Co now owns 9,154 shares of the semiconductor company’s stock worth $1,162,000 after acquiring an additional 952 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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