Texas Instruments (NASDAQ:TXN) Reaches New 1-Year High - Should You Buy?

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as $220.75 and last traded at $220.33, with a volume of 1252898 shares traded. The stock had previously closed at $216.39.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Seaport Res Ptn raised shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Cowen reissued a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. Mizuho increased their price objective on shares of Texas Instruments from $170.00 to $205.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Arete Research raised shares of Texas Instruments to a "hold" rating in a research note on Thursday, June 26th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of "Hold" and an average price target of $200.20.

Texas Instruments Price Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The firm has a market capitalization of $199.91 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 3.53 and a beta of 1.03. The business's fifty day simple moving average is $191.75 and its 200 day simple moving average is $183.91.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same period last year, the company posted $1.10 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. On average, research analysts forecast that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. HF Advisory Group LLC lifted its stake in shares of Texas Instruments by 23.7% in the second quarter. HF Advisory Group LLC now owns 12,310 shares of the semiconductor company's stock valued at $2,556,000 after buying an additional 2,357 shares in the last quarter. Rockland Trust Co. lifted its position in shares of Texas Instruments by 10.5% during the second quarter. Rockland Trust Co. now owns 137,571 shares of the semiconductor company's stock valued at $28,562,000 after purchasing an additional 13,095 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its position in shares of Texas Instruments by 21.5% during the second quarter. Baker Tilly Wealth Management LLC now owns 4,469 shares of the semiconductor company's stock valued at $928,000 after purchasing an additional 790 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Texas Instruments by 119.9% during the second quarter. Exchange Traded Concepts LLC now owns 22,632 shares of the semiconductor company's stock valued at $4,699,000 after purchasing an additional 12,340 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Texas Instruments by 0.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 498,404 shares of the semiconductor company's stock worth $107,665,000 after acquiring an additional 2,856 shares during the period. 84.99% of the stock is 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.

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