Texas Instruments Incorporated (NASDAQ:TXN) Receives $210.05 Average Price Target from Brokerages

Shares of Texas Instruments Incorporated (NASDAQ:TXN) have been assigned a consensus recommendation of “Hold” from the twenty-three research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $210.05.

Several research firms recently issued reports on TXN. Truist Financial dropped their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Evercore ISI raised their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company assumed coverage on shares of Texas Instruments in a research report on Friday, November 22nd. They set an “equal weight” rating and a $215.00 price objective on the stock.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the completion of the sale, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Instruments

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC raised its position in shares of Texas Instruments by 7.8% in the 2nd quarter. Private Advisor Group LLC now owns 67,677 shares of the semiconductor company’s stock worth $13,165,000 after acquiring an additional 4,897 shares in the last quarter. Candriam S.C.A. boosted its holdings in shares of Texas Instruments by 6.4% during the 2nd quarter. Candriam S.C.A. now owns 65,112 shares of the semiconductor company’s stock valued at $12,666,000 after buying an additional 3,932 shares in the last quarter. Advisor OS LLC boosted its holdings in shares of Texas Instruments by 9.1% during the 2nd quarter. Advisor OS LLC now owns 4,362 shares of the semiconductor company’s stock valued at $848,000 after buying an additional 364 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Texas Instruments in the 2nd quarter worth about $292,000. Finally, Fidelity D & D Bancorp Inc. purchased a new position in Texas Instruments during the 2nd quarter valued at about $220,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $190.15 on Friday. The business’s fifty day moving average is $196.73 and its 200 day moving average is $199.73. The firm has a market cap of $173.46 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 4.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments has a 52-week low of $155.46 and a 52-week high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the firm posted $1.80 EPS. Texas Instruments’s revenue was down 8.4% on a year-over-year basis. Research analysts predict that Texas Instruments will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a $1.36 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.86%. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

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.