Texas Instruments (NASDAQ:TXN) Price Target Raised to $268.00 at Evercore ISI

Texas Instruments (NASDAQ:TXN) had its target price upped by Evercore ISI from $255.00 to $268.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the semiconductor company’s stock.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus increased their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a hold rating in a research report on Thursday, July 18th. Morgan Stanley raised their target price on Texas Instruments from $150.00 to $156.00 and gave the company an underweight rating in a research note on Thursday, July 11th. Robert W. Baird upped their price target on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a neutral rating in a research report on Wednesday, July 24th. KeyCorp raised their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the company an overweight rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an overweight rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $201.95.

Texas Instruments Price Performance

NASDAQ:TXN opened at $209.88 on Tuesday. The stock has a market cap of $191.09 billion, a P/E ratio of 32.74, a PEG ratio of 4.36 and a beta of 0.99. Texas Instruments has a one year low of $139.48 and a one year high of $210.88. The company has a fifty day moving average price of $197.98 and a 200 day moving average price of $184.11. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49.

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

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s payout ratio is 81.12%.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors and hedge funds have recently made changes to their positions in the company. Investment Advisory Services Inc. TX ADV lifted its holdings in Texas Instruments by 1.6% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after acquiring an additional 51 shares in the last quarter. Verity Asset Management Inc. lifted its holdings in shares of Texas Instruments by 1.1% during the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after purchasing an additional 54 shares in the last quarter. Prentice Wealth Management LLC grew its position in shares of Texas Instruments by 2.1% in the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock valued at $516,000 after purchasing an additional 55 shares during the period. Pure Financial Advisors LLC increased its stake in Texas Instruments by 2.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after purchasing an additional 55 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its holdings in Texas Instruments by 14.1% during the 2nd quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock worth $87,000 after buying an additional 55 shares during the period. 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.