Brokerages Set Texas Instruments Incorporated (NASDAQ:TXN) Price Target at $180.74

Texas Instruments Incorporated (NASDAQ:TXN) has earned an average recommendation of “Hold” from the twenty brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $180.74.

TXN has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. TD Cowen lifted their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Susquehanna increased their price target on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $180.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Finally, Morgan Stanley increased their target price on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th.

Insider Buying and Selling at Texas Instruments

In related news, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the sale, the director now directly owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold a total of 228,529 shares of company stock valued at $40,502,458 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

Institutional Trading of Texas Instruments

A number of large investors have recently made changes to their positions in the business. Annapolis Financial Services LLC boosted its stake in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares during the period. Briaud Financial Planning Inc purchased a new position in shares of Texas Instruments during the 3rd quarter worth about $25,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Texas Instruments during the 4th quarter worth about $25,000. Life Planning Partners Inc bought a new position in Texas Instruments during the 4th quarter valued at about $26,000. Finally, Richardson Financial Services Inc. purchased a new stake in Texas Instruments in the 4th quarter worth about $26,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

Shares of TXN opened at $178.91 on Tuesday. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $188.12. The company has a market capitalization of $162.89 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 3.75 and a beta of 1.01. The firm has a 50 day moving average of $170.68 and a 200 day moving average of $162.98. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same period last year, the business posted $1.85 EPS. As a group, equities research analysts anticipate that Texas Instruments will post 5.21 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. Investors of record on Wednesday, May 8th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.91%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is currently 81.12%.

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.