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

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

Other analysts also recently issued reports about the company. KeyCorp increased their price objective on Texas Instruments from $180.00 to $200.00 and gave the company an overweight rating in a report on Wednesday, January 24th. Barclays decreased their price objective on Texas Instruments from $160.00 to $150.00 and set an equal weight rating for the company in a report on Wednesday, January 24th. Evercore ISI started coverage on Texas Instruments in a report on Tuesday, April 16th. They issued an outperform rating and a $213.00 price objective for the company. Morgan Stanley increased their price objective on Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a report on Wednesday, January 24th. Finally, 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 report on Friday, January 19th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $180.74.

Texas Instruments Stock Up 1.3 %

Shares of TXN opened at $177.48 on Wednesday. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $188.12. The stock has a market capitalization of $161.59 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 3.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. The stock has a fifty day moving average of $169.29 and a 200-day moving average of $162.25.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations 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 was down 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.85 EPS. As a group, sell-side analysts anticipate that Texas Instruments will post 5.2 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

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

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, 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 legal filing with the SEC, which is available through this hyperlink. 0.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

Hedge funds have recently modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $25,000. Life Planning Partners Inc bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Finally, Annapolis Financial Services LLC increased its stake in shares of Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares during the last quarter. Institutional investors 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.