Barclays Boosts Texas Instruments (NASDAQ:TXN) Price Target to $165.00

Texas Instruments (NASDAQ:TXNGet Rating) had its price objective raised by Barclays from $150.00 to $165.00 in a report released on Monday, The Fly reports. Barclays currently has an equal weight rating on the semiconductor company’s stock.

A number of other equities research analysts have also weighed in on TXN. Susquehanna Bancshares lowered their price objective on shares of Texas Instruments from $215.00 to $195.00 in a report on Wednesday, October 26th. Citigroup increased their price objective on shares of Texas Instruments from $155.00 to $175.00 and gave the company a neutral rating in a research report on Wednesday, January 18th. StockNews.com cut shares of Texas Instruments from a buy rating to a hold rating in a research note on Wednesday, November 2nd. Mizuho lowered their target price on shares of Texas Instruments from $168.00 to $159.00 and set a neutral rating on the stock in a research note on Wednesday, October 26th. Finally, Morgan Stanley lowered their price objective on shares of Texas Instruments from $160.00 to $152.00 and set an underweight rating on the stock in a research note on Wednesday, October 26th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $176.57.

Texas Instruments Stock Up 3.0 %

Shares of TXN stock opened at $178.17 on Monday. The firm has a market capitalization of $161.70 billion, a P/E ratio of 18.68, a PEG ratio of 2.34 and a beta of 1.02. Texas Instruments has a 1 year low of $144.46 and a 1 year high of $191.34. The firm’s fifty day moving average price is $172.93 and its two-hundred day moving average price is $168.47. The company has a current ratio of 4.92, a quick ratio of 4.06 and a debt-to-equity ratio of 0.51.

Texas Instruments (NASDAQ:TXNGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The semiconductor company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Texas Instruments had a net margin of 44.21% and a return on equity of 63.68%. On average, equities analysts predict that Texas Instruments will post 9.24 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Tuesday, January 31st will be issued a $1.24 dividend. The ex-dividend date is Monday, January 30th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.78%. Texas Instruments’s payout ratio is currently 51.99%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 9,990 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the transaction, the director now directly owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Texas Instruments news, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the completion of the transaction, the director now owns 8,942 shares in the company, valued at $1,566,280.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Ahmad Bahai sold 1,109 shares of Texas Instruments stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $180.01, for a total transaction of $199,631.09. Following the completion of the transaction, the vice president now owns 27,306 shares of the company’s stock, valued at approximately $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TXN. Scotia Capital Inc. grew its holdings in Texas Instruments by 6.0% in the second quarter. Scotia Capital Inc. now owns 43,528 shares of the semiconductor company’s stock worth $6,688,000 after purchasing an additional 2,483 shares during the period. Bailard Inc. increased its stake in shares of Texas Instruments by 0.7% in the third quarter. Bailard Inc. now owns 78,954 shares of the semiconductor company’s stock worth $12,220,000 after purchasing an additional 587 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Texas Instruments by 12.4% during the second quarter. Commonwealth Equity Services LLC now owns 207,259 shares of the semiconductor company’s stock valued at $31,845,000 after acquiring an additional 22,796 shares in the last quarter. Capital Investment Advisors LLC lifted its position in Texas Instruments by 11.7% during the third quarter. Capital Investment Advisors LLC now owns 40,402 shares of the semiconductor company’s stock valued at $6,253,000 after purchasing an additional 4,236 shares during the last quarter. Finally, Cetera Advisor Networks LLC lifted its position in Texas Instruments by 13.8% during the second quarter. Cetera Advisor Networks LLC now owns 32,845 shares of the semiconductor company’s stock valued at $5,047,000 after purchasing an additional 3,972 shares during the last quarter. Institutional investors and hedge funds own 83.12% of the company’s stock.

Texas Instruments Company Profile

(Get Rating)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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