Texas Instruments (NASDAQ:TXN) Price Target Raised to $230.00 at Benchmark

Texas Instruments (NASDAQ:TXN) had its price objective hoisted by Benchmark from $210.00 to $230.00 in a report issued on Friday morning, Benzinga reports. Benchmark currently has a buy rating on the semiconductor company’s stock.

A number of other research firms have also recently commented on TXN. JPMorgan Chase & Co. lifted their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an overweight rating in a research note on Wednesday, April 24th. Robert W. Baird raised their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a neutral rating in a research report on Thursday, April 25th. Jefferies Financial Group lowered shares of Texas Instruments from a buy rating to a hold rating and reduced their price target for the stock from $200.00 to $175.00 in a research report on Monday, May 13th. Rosenblatt Securities reissued a buy rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, Citigroup raised their price target on shares of Texas Instruments from $167.00 to $185.00 and gave the stock a neutral rating in a research report on Monday, May 13th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has an average rating of Hold and a consensus price target of $183.43.

Texas Instruments Stock Up 1.4 %

NASDAQ:TXN opened at $195.53 on Friday. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $206.00. The stock has a market capitalization of $178.03 billion, a P/E ratio of 30.50, a P/E/G ratio of 4.25 and a beta of 1.00. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The company’s 50-day simple moving average is $187.33 and its 200-day simple moving average is $173.90.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. Texas Instruments’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period last year, the business earned $1.85 EPS. On average, equities analysts anticipate that Texas Instruments will post 5.13 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were paid a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.66%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Activity at Texas Instruments

In related news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments 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 owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 100,440 shares of Texas Instruments stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,075,287.97. The disclosure for this sale can be found here. In the last quarter, insiders have sold 328,969 shares of company stock valued at $58,427,984. 0.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXN. Vanguard Group Inc. boosted its position in shares of Texas Instruments by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after acquiring an additional 536,206 shares during the last quarter. Capital Research Global Investors boosted its position in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Instruments by 6.1% during the 4th 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 acquiring an additional 1,154,513 shares during the last quarter. Morgan Stanley boosted its position in shares of Texas Instruments by 14.2% during the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after acquiring an additional 1,755,582 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position 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 valued at $2,033,283,000 after acquiring an additional 1,095,303 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.