KeyCorp Boosts Texas Instruments (NASDAQ:TXN) Price Target to $250.00

Texas Instruments (NASDAQ:TXN) had its price objective hoisted by KeyCorp from $200.00 to $250.00 in a report issued on Wednesday, Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

Several other brokerages have also recently weighed in on TXN. Jefferies Financial Group boosted their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a hold rating in a report on Wednesday. Morgan Stanley boosted their price objective on Texas Instruments from $150.00 to $156.00 and gave the stock an underweight rating in a report on Thursday, July 11th. The Goldman Sachs Group boosted their price objective on Texas Instruments from $137.00 to $157.00 and gave the stock a sell rating in a report on Wednesday, April 24th. Rosenblatt Securities boosted their price objective on Texas Instruments from $210.00 to $250.00 and gave the stock a buy rating in a report on Monday, July 22nd. Finally, Stifel Nicolaus increased their target price on Texas Instruments from $172.00 to $200.00 and gave the stock a hold rating in a research note on Thursday, July 18th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $198.64.

Texas Instruments Stock Performance

Texas Instruments stock opened at $201.99 on Wednesday. The stock has a 50-day simple moving average of $198.04 and a 200 day simple moving average of $179.78. The company has a quick ratio of 3.76, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $210.84. The stock has a market capitalization of $184.43 billion, a price-to-earnings ratio of 31.51, a P/E/G ratio of 4.26 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period in the previous year, the business posted $1.87 earnings per share. The firm’s revenue for the quarter was down 15.6% compared to the same quarter last year. On average, research analysts anticipate that Texas Instruments will post 5.14 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.57%. The ex-dividend date is Wednesday, July 31st. Texas Instruments’s dividend payout ratio is 81.12%.

Insider Buying and Selling at Texas Instruments

In other news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at $72,160,096.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock valued at $58,427,984 in the last quarter. 0.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Texas Instruments by 0.6% in the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock valued at $15,778,648,000 after purchasing an additional 536,206 shares in the last quarter. Capital Research Global Investors grew its position in Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock valued at $5,002,522,000 after acquiring an additional 1,279,828 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Texas Instruments by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after acquiring an additional 1,154,513 shares during the last quarter. Franklin Resources Inc. grew its position in Texas Instruments by 10.1% in the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after acquiring an additional 1,095,303 shares during the last quarter. Finally, Norges Bank bought a new position in Texas Instruments in the fourth quarter valued at about $1,649,592,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.