Analysts Set Texas Instruments Incorporated (NASDAQ:TXN) Price Target at $209.20

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) has received a consensus rating of "Hold" from the twenty-two analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $209.20.

A number of analysts recently issued reports on the stock. Rosenblatt Securities restated a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Truist Financial lowered their price target on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Mizuho reduced their price objective on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Benchmark reaffirmed a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 297,655 shares of company stock valued at $59,841,304. Company insiders own 0.57% of the company's stock.

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Hedge Funds Weigh In On Texas Instruments

Several institutional investors have recently modified their holdings of TXN. Howard Capital Management Group LLC bought a new position in shares of Texas Instruments during the 3rd quarter valued at $202,000. Thrivent Financial for Lutherans boosted its position in Texas Instruments by 1.5% during the third quarter. Thrivent Financial for Lutherans now owns 74,305 shares of the semiconductor company's stock valued at $15,349,000 after buying an additional 1,095 shares during the period. Quest Partners LLC bought a new position in shares of Texas Instruments during the third quarter valued at about $226,000. Prospera Financial Services Inc increased its holdings in shares of Texas Instruments by 16.8% in the third quarter. Prospera Financial Services Inc now owns 18,002 shares of the semiconductor company's stock worth $3,721,000 after buying an additional 2,593 shares during the period. Finally, Prospera Private Wealth LLC purchased a new position in shares of Texas Instruments in the third quarter worth about $46,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded down $1.54 during midday trading on Friday, reaching $183.97. The company's stock had a trading volume of 4,357,167 shares, compared to its average volume of 5,358,950. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock has a market capitalization of $167.40 billion, a P/E ratio of 35.45, a PEG ratio of 3.30 and a beta of 0.98. The firm has a 50 day moving average price of $187.36 and a 200-day moving average price of $195.16. Texas Instruments has a 12-month low of $159.11 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the prior year, the firm posted $1.49 earnings per share. As a group, equities analysts predict that Texas Instruments will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.96%. Texas Instruments's dividend payout ratio (DPR) is presently 104.82%.

About Texas Instruments

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.