Mizuho Boosts Texas Instruments (NASDAQ:TXN) Price Target to $170.00

Texas Instruments (NASDAQ:TXN) had its price objective upped by Mizuho from $164.00 to $170.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the semiconductor company’s stock.

A number of other brokerages have also recently commented on TXN. Susquehanna lowered their price objective on shares of Texas Instruments from $205.00 to $200.00 and set a positive rating on the stock in a research note on Wednesday, January 24th. TD Cowen upped their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the company a hold rating in a report on Wednesday. UBS Group upgraded shares of Texas Instruments from a neutral rating to a buy rating and upped their target price for the company from $170.00 to $195.00 in a report on Friday, January 19th. Morgan Stanley upped their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a report on Wednesday, January 24th. Finally, Barclays reduced their target price on shares of Texas Instruments from $160.00 to $150.00 and set an equal weight rating on the stock in a report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Texas Instruments currently has an average rating of Hold and an average price target of $180.74.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $177.48 on Wednesday. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The stock has a market cap of $161.59 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.75 and a beta of 1.04. The firm’s fifty day simple moving average is $169.29 and its 200-day simple moving average is $162.25.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.85 EPS. Analysts expect that Texas Instruments will post 5.2 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

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 given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is 81.12%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Institutional Trading of Texas Instruments

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Texas Instruments by 0.5% in the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after acquiring an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Texas Instruments by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after buying an additional 1,154,513 shares in the last quarter. Morgan Stanley grew its position in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after buying an additional 1,755,582 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Texas Instruments by 10.1% during the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after buying an additional 1,095,303 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Texas Instruments by 2.9% during the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after buying an additional 315,302 shares in the last quarter. Institutional investors and hedge funds 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.