Texas Instruments (NASDAQ:TXN) PT Raised to $185.00 at 140166

Texas Instruments (NASDAQ:TXN) had its target price raised by 140166 from $180.00 to $185.00 in a report released on Wednesday morning, Analyst Ratings Network reports. They currently have a positive rating on the semiconductor company’s stock.

TXN has been the topic of several other reports. Morgan Stanley lifted their target price on shares of Texas Instruments from $121.00 to $130.00 and gave the stock an underweight rating in a research note on Monday, October 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Texas Instruments from $135.00 to $145.00 and gave the stock a hold rating in a research note on Wednesday. UBS Group lifted their target price on shares of Texas Instruments from $130.00 to $131.00 and gave the stock a neutral rating in a research note on Wednesday, July 22nd. Oppenheimer lifted their target price on shares of Texas Instruments from $150.00 to $170.00 and gave the stock an outperform rating in a research note on Friday, October 16th. Finally, Barclays boosted their price objective on shares of Texas Instruments from $105.00 to $120.00 and gave the company an underweight rating in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. Texas Instruments presently has an average rating of Hold and a consensus target price of $150.14.

Shares of TXN opened at $149.96 on Wednesday. The firm has a market cap of $137.35 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 3.15 and a beta of 1.14. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.94 and a current ratio of 3.92. Texas Instruments has a fifty-two week low of $93.09 and a fifty-two week high of $155.88. The firm has a 50 day moving average price of $143.44 and a 200-day moving average price of $128.88.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 20th. The semiconductor company reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.17. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.45 billion. Texas Instruments had a net margin of 36.83% and a return on equity of 60.61%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.49 EPS. As a group, equities research analysts predict that Texas Instruments will post 5.15 earnings per share for the current 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 paid a dividend of $1.02 per share. The ex-dividend date is Thursday, October 29th. This represents a $4.08 annualized dividend and a yield of 2.72%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.90. Texas Instruments’s dividend payout ratio is currently 68.70%.

In other news, Director Pamela H. Patsley sold 12,156 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were 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 in the company, valued at approximately $5,694,578.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darla H. Whitaker sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $138.52, for a total transaction of $5,540,800.00. Following the completion of the transaction, the vice president now owns 89,524 shares in the company, valued at approximately $12,400,864.48. The disclosure for this sale can be found here. Insiders have sold a total of 183,240 shares of company stock worth $24,454,298 in the last 90 days. Company insiders own 0.73% of the company’s stock.

Several large investors have recently modified their holdings of TXN. Perennial Advisors LLC bought a new position in shares of Texas Instruments in the 1st quarter worth approximately $26,000. Toth Financial Advisory Corp bought a new position in shares of Texas Instruments in the 2nd quarter worth approximately $31,000. Price Wealth LLC lifted its stake in shares of Texas Instruments by 98.2% in the 3rd quarter. Price Wealth LLC now owns 218 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 108 shares during the period. Crewe Advisors LLC bought a new position in shares of Texas Instruments in the 3rd quarter worth approximately $32,000. Finally, Newfound Research LLC bought a new position in shares of Texas Instruments in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 82.91% of the company’s stock.

About Texas Instruments

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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