Brokerages Set Texas Instruments Incorporated (NASDAQ:TXN) Target Price at $204.67

Shares of Texas Instruments Incorporated (NASDAQ:TXN) have been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $204.67.

A number of analysts have commented on TXN shares. Barclays lifted their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Robert W. Baird boosted their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Evercore ISI lifted their price target on shares of Texas Instruments from $255.00 to $268.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley boosted their price target on shares of Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th.

Texas Instruments Stock Down 2.0 %

Shares of NASDAQ:TXN opened at $197.45 on Monday. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The firm has a market cap of $180.28 billion, a P/E ratio of 30.80, a P/E/G ratio of 4.29 and a beta of 0.99. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $214.66. The company’s 50-day moving average price is $200.50 and its two-hundred day moving average price is $187.74.

Texas Instruments (NASDAQ:TXN) last issued 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. The business had revenue of $3.82 billion during 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%. Texas Instruments’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.87 earnings per share. As a group, research analysts forecast that Texas Instruments will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced 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 of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.63%. Texas Instruments’s payout ratio is 81.12%.

Insiders Place Their Bets

In other news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now 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 Securities & Exchange Commission, which is available at the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,558 shares of company stock valued at $3,255,323. 0.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Texas Instruments

Several institutional investors have recently added to or reduced their stakes in TXN. Richardson Financial Services Inc. bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Scarborough Advisors LLC bought a new stake in Texas Instruments in the 4th quarter valued at about $26,000. Westend Capital Management LLC acquired a new position in shares of Texas Instruments during the 1st quarter worth approximately $31,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Texas Instruments during the fourth quarter worth approximately $31,000. Finally, Norwood Financial Corp acquired a new stake in shares of Texas Instruments in the first quarter valued at approximately $32,000. 84.99% of the stock is currently owned by institutional investors.

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.