Texas Instruments (NASDAQ:TXN - Free Report) had its price target lifted by Wells Fargo & Company from $190.00 to $215.00 in a research note released on Wednesday,Benzinga reports. They currently have an equal weight rating on the semiconductor company's stock.
Several other research firms have also weighed in on TXN. Arete Research raised shares of Texas Instruments to a "hold" rating in a research note on Thursday, June 26th. Seaport Res Ptn raised shares of Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Citigroup lifted their price objective on shares of Texas Instruments from $220.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, TD Cowen raised shares of Texas Instruments from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $200.00 to $245.00 in a research note on Friday, July 11th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $204.87.
Read Our Latest Stock Report on TXN
Texas Instruments Trading Down 0.1%
Shares of NASDAQ:TXN traded down $0.17 during trading on Wednesday, hitting $216.42. 2,400,369 shares of the company's stock were exchanged, compared to its average volume of 6,447,985. Texas Instruments has a 1-year low of $139.95 and a 1-year high of $221.69. The firm has a 50-day moving average price of $198.46 and a two-hundred day moving average price of $185.06. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The firm has a market cap of $196.61 billion, a P/E ratio of 41.05, a PEG ratio of 3.53 and a beta of 1.03.
Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the previous year, the company earned $1.10 EPS. Texas Instruments's revenue was up 11.1% on a year-over-year basis. Equities analysts predict that Texas Instruments will post 5.35 earnings per share for the current year.
Texas Instruments Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.51%. Texas Instruments's dividend payout ratio is presently 103.23%.
Institutional Trading of Texas Instruments
Institutional investors have recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after buying an additional 4,218 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Texas Instruments by 14.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock worth $25,942,000 after buying an additional 17,840 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Texas Instruments by 69.0% in the fourth quarter. Proficio Capital Partners LLC now owns 3,834 shares of the semiconductor company's stock valued at $719,000 after purchasing an additional 1,566 shares during the last quarter. Mystic Asset Management Inc. acquired a new position in shares of Texas Instruments in the fourth quarter valued at $544,000. Finally, Evoke Wealth LLC increased its holdings in shares of Texas Instruments by 24.0% in the fourth quarter. Evoke Wealth LLC now owns 2,629 shares of the semiconductor company's stock valued at $493,000 after purchasing an additional 508 shares during the last quarter. Institutional investors own 84.99% of the company's stock.
About Texas Instruments
(
Get Free Report)
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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