JPMorgan Chase & Co. Raises Texas Instruments (NASDAQ:TXN) Price Target to $195.00

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

A number of other equities analysts also recently weighed in on the stock. UBS Group raised shares of Texas Instruments from a neutral rating to a buy rating and boosted their target price for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Morgan Stanley boosted their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a research note on Wednesday, January 24th. Oppenheimer reissued a market perform rating on shares of Texas Instruments in a research note on Wednesday. Susquehanna boosted their price target on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a positive rating in a research note on Wednesday. Finally, Cantor Fitzgerald boosted their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments has an average rating of Hold and a consensus target price of $180.74.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $177.48 on Wednesday. The firm has a market cap of $161.59 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 3.75 and a beta of 1.04. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. The firm’s 50-day simple moving average is $169.29 and its 200-day simple moving average is $162.25.

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

Texas Instruments Announces Dividend

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

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the company’s 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 transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TXN. Norges Bank acquired a new position in Texas Instruments during the fourth quarter worth $1,649,592,000. Morgan Stanley boosted its holdings in 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 purchasing an additional 1,755,582 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after purchasing an additional 1,439,066 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in Texas Instruments by 338.4% during the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after purchasing an additional 1,385,725 shares during 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.