Texas Instruments (NASDAQ:TXN) Given New $165.00 Price Target at Truist Financial

Texas Instruments (NASDAQ:TXNFree Report) had its price target reduced by Truist Financial from $166.00 to $165.00 in a research note released on Friday, Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

A number of other equities research analysts have also weighed in on TXN. Cantor Fitzgerald reissued a neutral rating and set a $170.00 target price on shares of Texas Instruments in a report on Friday, February 2nd. Benchmark reissued a buy rating and set a $210.00 target price on shares of Texas Instruments in a report on Wednesday, November 15th. Mizuho reduced their target price on shares of Texas Instruments from $170.00 to $164.00 and set a neutral rating on the stock in a report on Wednesday, January 24th. 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. Finally, The Goldman Sachs Group reduced their target price on shares of Texas Instruments from $157.00 to $137.00 and set a sell rating on the stock in a report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $173.89.

Get Our Latest Stock Report on TXN

Texas Instruments Trading Up 1.4 %

Shares of Texas Instruments stock opened at $162.40 on Friday. The firm has a market capitalization of $147.67 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 3.37 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $165.01 and its 200 day moving average is $161.48. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $188.12.

Texas Instruments (NASDAQ:TXNGet Free Report) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The firm’s revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 EPS. Equities research analysts forecast that Texas Instruments will post 5.28 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.20%. Texas Instruments’s payout ratio is presently 73.65%.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s 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 in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Texas Instruments news, Director Ronald Kirk sold 12,299 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $145.51, for a total transaction of $1,789,627.49. Following the transaction, the director now owns 13,637 shares in the company, valued at $1,984,319.87. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was 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 in the company, valued at approximately $1,869,126.05. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Klingman & Associates LLC increased its position in shares of Texas Instruments by 8.1% during the second quarter. Klingman & Associates LLC now owns 1,384 shares of the semiconductor company’s stock valued at $249,000 after acquiring an additional 104 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Texas Instruments by 39.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock worth $1,336,000 after purchasing an additional 2,397 shares during the period. Sovereign Financial Group Inc. boosted its holdings in shares of Texas Instruments by 17.8% in the 2nd quarter. Sovereign Financial Group Inc. now owns 2,027 shares of the semiconductor company’s stock worth $365,000 after buying an additional 306 shares during the last quarter. Wintrust Investments LLC grew its position in Texas Instruments by 10.6% during the second quarter. Wintrust Investments LLC now owns 10,918 shares of the semiconductor company’s stock valued at $1,966,000 after buying an additional 1,048 shares during the period. Finally, Metropolis Capital Ltd increased its holdings in Texas Instruments by 41.6% during the third quarter. Metropolis Capital Ltd now owns 1,952,381 shares of the semiconductor company’s stock worth $310,448,000 after buying an additional 573,241 shares during the last quarter. Institutional investors and hedge funds own 83.37% of the company’s stock.

Texas Instruments Company Profile

(Get Free Report)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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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