Texas Instruments (NASDAQ:TXN) Hits New 12-Month High at $211.10

Shares of Texas Instruments Incorporated (NASDAQ:TXN) reached a new 52-week high on Tuesday . The company traded as high as $211.10 and last traded at $210.18, with a volume of 2176794 shares. The stock had previously closed at $208.25.

Analyst Ratings Changes

Several analysts have recently commented on TXN shares. Deutsche Bank Aktiengesellschaft raised their price target on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Truist Financial dropped their price target on shares of Texas Instruments from $203.00 to $198.00 and set a “hold” rating on the stock in a research note on Wednesday, August 21st. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Benchmark restated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 24th. Finally, KeyCorp lifted their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus price target of $201.95.

Texas Instruments Stock Performance

The company’s 50-day moving average price is $198.25 and its two-hundred day moving average price is $184.81. The company has a market cap of $192.37 billion, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 4.43 and a beta of 0.99. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company 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 company posted $1.87 earnings per share. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.11 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were issued a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.47%. Texas Instruments’s payout ratio is currently 81.12%.

Insider Buying and Selling

In related news, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares in the company, valued at $5,037,237.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the transaction, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors have recently modified their holdings of TXN. Vanguard Group Inc. increased its position in Texas Instruments by 0.6% in the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock worth $15,778,648,000 after purchasing an additional 536,206 shares during the last quarter. Capital Research Global Investors boosted its position in Texas Instruments by 4.7% during the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after acquiring an additional 1,279,828 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Texas Instruments by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after purchasing an additional 1,154,513 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Texas Instruments by 10.1% during the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after acquiring an additional 1,095,303 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $1,649,592,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Company Profile

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.