Texas Instruments (NASDAQ:TXN) Price Target Increased to $195.00 by Analysts at JPMorgan Chase & Co.

Texas Instruments (NASDAQ:TXN) had its price objective lifted by JPMorgan Chase & Co. from $180.00 to $195.00 in a report released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

Several other analysts have also issued reports on TXN. Truist Financial boosted their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the company a hold rating in a research report on Wednesday. Cantor Fitzgerald boosted their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the company a neutral rating in a research report on Monday, April 8th. Mizuho boosted their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the company a neutral rating in a research report on Wednesday. Morgan Stanley boosted their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a research note on Wednesday, January 24th. Finally, TD Cowen boosted their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the company a hold rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of Hold and a consensus price target of $180.74.

Texas Instruments Stock Performance

Shares of TXN stock opened at $177.48 on Wednesday. The firm has a market cap of $161.52 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 3.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $188.12. The firm’s 50-day simple moving average is $169.29 and its two-hundred day simple moving average is $162.22.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, equities analysts forecast that Texas Instruments will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be paid a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.93%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors and hedge funds have recently made changes to their positions in the business. Chemistry Wealth Management LLC boosted its position in Texas Instruments by 5.2% during the 1st quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock valued at $218,000 after buying an additional 62 shares during the period. Field & Main Bank boosted its position in Texas Instruments by 10.4% during the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 65 shares during the period. Guardian Wealth Management Inc. boosted its position in Texas Instruments by 0.6% during the 4th quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock valued at $1,873,000 after buying an additional 65 shares during the period. Buckley Wealth Management LLC boosted its position in Texas Instruments by 1.1% during the 1st quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock valued at $1,028,000 after buying an additional 65 shares during the period. Finally, Howard Financial Services LTD. boosted its position in Texas Instruments by 3.1% during the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after buying an additional 66 shares during the period. Institutional investors 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.