Texas Instruments (NASDAQ:TXN) Sets New 1-Year High After Analyst Upgrade

Shares of Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) hit a new 52-week high during mid-day trading on Monday after Barclays raised their price target on the stock from $150.00 to $190.00. Barclays currently has an equal weight rating on the stock. Texas Instruments traded as high as $197.24 and last traded at $196.77, with a volume of 246273 shares traded. The stock had previously closed at $195.02.

Several other research firms also recently issued reports on TXN. Susquehanna upped their target price on Texas Instruments from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, April 24th. Benchmark reissued a "buy" rating and set a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, April 24th. Citigroup increased their target price on shares of Texas Instruments from $167.00 to $185.00 and gave the stock a "neutral" rating in a research note on Monday, May 13th. Evercore ISI raised their price target on shares of Texas Instruments from $213.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, April 24th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $210.00 price target on shares of Texas Instruments in a research note on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $182.48.

Insider Buying and Selling at Texas Instruments

In other 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 transaction of $1,844,008.83. Following the transaction, the director now directly owns 20,461 shares of the company's stock, valued at $3,580,061.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the business's stock in a transaction 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 sale, the director now directly owns 20,461 shares of the company's stock, valued at $3,580,061.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the business's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders have sold a total of 328,969 shares of company stock valued at $58,427,984 in the last 90 days. Corporate insiders own 0.68% of the company's stock.

Institutional Trading of Texas Instruments

Institutional investors have recently made changes to their positions in the business. WealthPlan Investment Management LLC grew its stake in Texas Instruments by 107.6% during the 3rd quarter. WealthPlan Investment Management LLC now owns 41,279 shares of the semiconductor company's stock worth $6,564,000 after buying an additional 21,393 shares during the last quarter. Duality Advisers LP acquired a new position in shares of Texas Instruments in the 3rd quarter valued at about $1,863,000. Dai ichi Life Insurance Company Ltd raised its holdings in Texas Instruments by 0.3% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 135,123 shares of the semiconductor company's stock worth $21,486,000 after purchasing an additional 398 shares during the period. JFS Wealth Advisors LLC raised its holdings in Texas Instruments by 2.9% in the 3rd quarter. JFS Wealth Advisors LLC now owns 4,030 shares of the semiconductor company's stock worth $641,000 after purchasing an additional 114 shares during the period. Finally, Hartford Funds Management Co LLC raised its holdings in Texas Instruments by 6.9% in the 3rd quarter. Hartford Funds Management Co LLC now owns 1,762 shares of the semiconductor company's stock worth $280,000 after purchasing an additional 114 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Up 2.1 %

The business has a fifty day moving average of $175.02 and a two-hundred day moving average of $166.57. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The company has a market cap of $181.37 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 4.19 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.61 billion. During the same period in the prior year, the firm posted $1.85 earnings per share. The firm's quarterly revenue was down 16.4% on a year-over-year basis. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.17 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Tuesday, May 7th. Texas Instruments's payout ratio is 81.12%.

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.