Brokerages Set Texas Instruments Incorporated (NASDAQ:TXN) Price Target at $206.95

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) has been assigned an average rating of "Hold" from the twenty-three brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $206.95.

A number of brokerages have commented on TXN. Mizuho set a $200.00 price target on Texas Instruments in a research report on Friday, October 18th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. KeyCorp raised their price target on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Jefferies Financial Group upped their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the company a "hold" rating in a report on Wednesday, July 24th. Finally, Evercore ISI raised their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd.

Texas Instruments Stock Down 2.4 %

Shares of TXN traded down $4.88 during mid-day trading on Friday, hitting $201.12. 5,970,371 shares of the company traded hands, compared to its average volume of 5,504,648. The company has a market capitalization of $183.47 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average of $204.39 and a 200 day moving average of $199.46. Texas Instruments has a 1-year low of $150.81 and a 1-year high of $220.38.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the business posted $1.80 EPS. Texas Instruments's revenue for the quarter was down 8.4% compared to the same quarter last year. Equities research analysts anticipate that Texas Instruments will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.70%. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. Texas Instruments's dividend payout ratio (DPR) is presently 101.12%.

Insider Transactions at Texas Instruments

In related news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the transaction, the director now directly owns 20,461 shares of the company's stock, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the company'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 sale, the chief executive officer now directly owns 158,676 shares of the company's stock, valued at $33,233,101.44. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,548 shares of company stock valued at $5,341,235 over the last 90 days. Corporate insiders own 0.68% of the company's stock.

Institutional Trading of Texas Instruments

Several large investors have recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. purchased a new stake in shares of Texas Instruments in the 3rd quarter valued at approximately $28,000. Tsfg LLC grew its position in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 82 shares during the period. Capital Performance Advisors LLP acquired a new stake in Texas Instruments during the third quarter worth $39,000. FSA Wealth Management LLC purchased a new stake in Texas Instruments in the third quarter valued at $41,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $43,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.