Stifel Nicolaus Raises Texas Instruments (NASDAQ:TXN) Price Target to $172.00

Texas Instruments (NASDAQ:TXN) had its target price boosted by Stifel Nicolaus from $160.00 to $172.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

Other equities analysts have also recently issued research reports about the company. Barclays dropped 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 assumed coverage on Texas Instruments in a report on Tuesday, April 16th. They issued an outperform rating and a $213.00 target price for the company. Oppenheimer reiterated a market perform rating on shares of Texas Instruments in a report on Wednesday. Truist Financial upped their target price on Texas Instruments from $165.00 to $167.00 and gave the stock a hold rating in a report on Wednesday. Finally, Susquehanna upped their target price on Texas Instruments from $200.00 to $205.00 and gave the stock a positive rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $180.74.

Texas Instruments Stock Performance

NASDAQ TXN opened at $177.48 on Wednesday. The company has a market cap of $161.52 billion, a P/E ratio of 27.69, a P/E/G ratio of 3.77 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 business’s 50 day moving average price is $169.29 and its 200-day moving average price is $162.22. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the business earned $1.85 EPS. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. Sell-side analysts predict that Texas Instruments will post 5.16 earnings per share for the current year.

Texas Instruments Announces Dividend

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

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TXN. Annapolis Financial Services LLC increased its position in Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 120 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments in the third quarter valued at about $25,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Texas Instruments in the fourth quarter valued at about $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments in the fourth quarter valued at about $26,000. Finally, Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments in the fourth quarter valued at about $26,000. 84.99% of the stock is owned by institutional investors and hedge funds.

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.