Texas Instruments Incorporated (NASDAQ:TXN) Receives $198.64 Consensus PT from Analysts

Texas Instruments Incorporated (NASDAQ:TXN) has been given an average rating of “Hold” by the twenty-two analysts that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $198.64.

Several analysts have recently issued reports on TXN shares. Rosenblatt Securities upped their price target on Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. upped their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Wells Fargo & Company started coverage on Texas Instruments in a report on Thursday, May 16th. They set an “underweight” rating and a $150.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Finally, The Goldman Sachs Group raised their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th.

Texas Instruments Price Performance

Shares of TXN opened at $192.06 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The firm has a market cap of $175.36 billion, a PE ratio of 29.96, a PEG ratio of 4.18 and a beta of 0.99. The firm’s 50 day moving average price is $196.88 and its 200 day moving average price is $181.84. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $210.84.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the firm earned $1.87 EPS. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. As a group, research analysts expect that Texas Instruments will post 5.11 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st will be paid a $1.30 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.71%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Institutional Investors Weigh In On Texas Instruments

A number of hedge funds have recently made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments in the 4th quarter valued at $25,000. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments in the fourth quarter valued at about $26,000. Scarborough Advisors LLC acquired a new position in Texas Instruments during the 4th quarter worth about $26,000. Westend Capital Management LLC acquired a new position in Texas Instruments during the 1st quarter worth about $31,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Texas Instruments during the 4th quarter worth about $31,000. Institutional investors and hedge funds 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.