Bank of America Cuts Texas Instruments (NASDAQ:TXN) Price Target to $215.00

Texas Instruments (NASDAQ:TXN - Free Report) had its price objective trimmed by Bank of America from $220.00 to $215.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a neutral rating on the semiconductor company's stock.

TXN has been the subject of several other research reports. JPMorgan Chase & Co. raised their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a report on Wednesday. Morgan Stanley lifted their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the company an "underweight" rating in a research note on Wednesday. Benchmark reissued a "buy" rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Wednesday. Finally, Citigroup raised Texas Instruments from a "neutral" rating to a "buy" rating and boosted their target price for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $206.95.

Texas Instruments Trading Up 4.0 %

NASDAQ TXN traded up $7.77 during mid-day trading on Wednesday, reaching $201.74. 10,545,083 shares of the stock were exchanged, compared to its average volume of 5,481,336. The stock has a market cap of $184.20 billion, a P/E ratio of 35.02, a P/E/G ratio of 4.32 and a beta of 0.98. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments has a one year low of $139.48 and a one year high of $214.66. The stock has a 50 day simple moving average of $203.43 and a 200-day simple moving average of $194.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the business posted $1.80 EPS. The business's revenue was down 8.4% compared to the same quarter last year. On average, analysts anticipate that Texas Instruments will post 5.11 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.70%. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date is Thursday, October 31st. Texas Instruments's dividend payout ratio (DPR) is presently 90.28%.

Insider Buying and Selling

In other news, CEO Haviv Ilan sold 1,200 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares of the company's stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares of the company's stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,558 shares of company stock worth $3,255,323. 0.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Elwood & Goetz Wealth Advisory Group LLC purchased a new stake in Texas Instruments during the third quarter valued at about $339,000. Trueblood Wealth Management LLC purchased a new stake in shares of Texas Instruments during the 3rd quarter valued at approximately $209,000. Heritage Financial Services LLC purchased a new position in Texas Instruments in the 3rd quarter valued at approximately $203,000. Ballentine Partners LLC grew its stake in Texas Instruments by 5.9% in the 3rd quarter. Ballentine Partners LLC now owns 22,392 shares of the semiconductor company's stock valued at $4,625,000 after buying an additional 1,247 shares in the last quarter. Finally, Busey Bank raised its holdings in Texas Instruments by 1.5% during the 3rd quarter. Busey Bank now owns 86,086 shares of the semiconductor company's stock valued at $17,783,000 after acquiring an additional 1,293 shares during the period. Hedge funds and other 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.