Texas Instruments (NASDAQ:TXN) Price Target Raised to $245.00 at UBS Group

Texas Instruments (NASDAQ:TXN - Free Report) had its price objective increased by UBS Group from $215.00 to $245.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company's stock.

TXN has been the subject of a number of other research reports. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Arete Research raised shares of Texas Instruments to a "hold" rating in a research report on Thursday, June 26th. Truist Financial lowered their price objective on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective for the company in a research report on Monday, April 7th. Finally, Cantor Fitzgerald lowered their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Texas Instruments currently has an average rating of "Hold" and an average target price of $194.41.

Texas Instruments Stock Down 1.2%

Shares of Texas Instruments stock traded down $2.61 during trading on Monday, reaching $213.41. The company had a trading volume of 5,220,687 shares, compared to its average volume of 6,437,999. The company has a market cap of $193.88 billion, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. The firm's fifty day moving average is $188.48 and its 200-day moving average is $183.27. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. Texas Instruments has a fifty-two week low of $139.95 and a fifty-two week high of $220.39.

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

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Wednesday, April 30th. Texas Instruments's dividend payout ratio (DPR) is presently 103.23%.

Institutional Trading of Texas Instruments

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after acquiring an additional 4,218 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in Texas Instruments by 14.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after buying an additional 17,840 shares during the period. Proficio Capital Partners LLC increased its stake in Texas Instruments by 69.0% in the 4th quarter. Proficio Capital Partners LLC now owns 3,834 shares of the semiconductor company's stock valued at $719,000 after buying an additional 1,566 shares during the period. Banco Santander S.A. increased its stake in Texas Instruments by 74.5% in the 4th quarter. Banco Santander S.A. now owns 11,250 shares of the semiconductor company's stock valued at $2,109,000 after buying an additional 4,803 shares during the period. Finally, Personal CFO Solutions LLC increased its stake in Texas Instruments by 7.8% in the 4th quarter. Personal CFO Solutions LLC now owns 3,798 shares of the semiconductor company's stock valued at $712,000 after buying an additional 276 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

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.