Texas Instruments (NASDAQ:TXN) Price Target Lowered to $240.00 at Susquehanna

Texas Instruments (NASDAQ:TXN) had its price objective trimmed by Susquehanna from $250.00 to $240.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has a positive rating on the semiconductor company’s stock.

A number of other research analysts have also commented on TXN. JPMorgan Chase & Co. lifted their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group boosted their price target on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Morgan Stanley increased their price objective on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group increased their price target on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $206.65.

Texas Instruments Stock Performance

Shares of TXN stock opened at $195.77 on Monday. The stock’s 50-day moving average is $203.37 and its two-hundred day moving average is $194.75. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $214.66. The firm has a market cap of $178.75 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 4.32 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the business posted $1.87 EPS. The firm’s quarterly revenue was down 15.6% compared to the same quarter last year. Analysts predict that Texas Instruments will post 5.11 earnings per share for the current year.

Texas Instruments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Thursday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 90.28%.

Insider Activity at Texas Instruments

In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were 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 trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,558 shares of company stock valued at $3,255,323. Company insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. AdvisorNet Financial Inc lifted its position in Texas Instruments by 58.6% during the first quarter. AdvisorNet Financial Inc now owns 1,718 shares of the semiconductor company’s stock valued at $299,000 after buying an additional 635 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in Texas Instruments in the 1st quarter valued at $3,047,000. Community Bank of Raymore increased its holdings in Texas Instruments by 14.9% in the 1st quarter. Community Bank of Raymore now owns 8,875 shares of the semiconductor company’s stock valued at $1,546,000 after purchasing an additional 1,150 shares in the last quarter. New England Professional Planning Group Inc. purchased a new position in Texas Instruments in the first quarter valued at about $336,000. Finally, DLK Investment Management LLC lifted its stake in shares of Texas Instruments by 12.3% during the first quarter. DLK Investment Management LLC now owns 13,675 shares of the semiconductor company’s stock worth $2,382,000 after purchasing an additional 1,501 shares in 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.