Texas Instruments Incorporated (NASDAQ:TXN) had its price objective lifted by Citigroup Inc. from $87.00 to $97.00 in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other research analysts have also commented on the stock. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $90.00 price objective on shares of Texas Instruments in a research report on Tuesday, April 25th. Jefferies Group LLC upped their price objective on shares of Texas Instruments from $88.00 to $94.00 and gave the company a buy rating in a research report on Friday, April 28th. Robert W. Baird upped their price objective on shares of Texas Instruments from $80.00 to $85.00 and gave the company a neutral rating in a research report on Wednesday, April 26th. Vetr lowered shares of Texas Instruments from a strong-buy rating to a buy rating and set a $89.16 price objective for the company. in a research report on Tuesday, April 18th. Finally, Zacks Investment Research lowered shares of Texas Instruments from a hold rating to a sell rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Texas Instruments has an average rating of Buy and a consensus price target of $85.96.

Shares of Texas Instruments (TXN) opened at 80.71 on Wednesday. The stock has a market capitalization of $80.04 billion, a price-to-earnings ratio of 20.06 and a beta of 1.20. Texas Instruments has a 12 month low of $66.30 and a 12 month high of $84.65. The stock’s 50 day moving average price is $79.88 and its 200-day moving average price is $79.21.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.07. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the company earned $0.76 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities analysts forecast that Texas Instruments will post $4.11 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $2.00 annualized dividend and a dividend yield of 2.48%. Texas Instruments’s dividend payout ratio (DPR) is currently 50.51%.

In other news, insider Niels Anderskouv sold 32,420 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $80.61, for a total transaction of $2,613,376.20. Following the sale, the insider now directly owns 102,028 shares of the company’s stock, valued at $8,224,477.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. First Manhattan Co. boosted its position in shares of Texas Instruments by 2.3% in the second quarter. First Manhattan Co. now owns 29,166 shares of the semiconductor company’s stock worth $2,243,000 after buying an additional 645 shares during the last quarter. Enterprise Financial Services Corp boosted its position in shares of Texas Instruments by 0.3% in the second quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock worth $114,000 after buying an additional 4 shares during the last quarter. Markel Corp boosted its position in shares of Texas Instruments by 5.1% in the second quarter. Markel Corp now owns 498,000 shares of the semiconductor company’s stock worth $38,311,000 after buying an additional 24,000 shares during the last quarter. Gamble Jones Investment Counsel boosted its position in shares of Texas Instruments by 2.5% in the second quarter. Gamble Jones Investment Counsel now owns 151,851 shares of the semiconductor company’s stock worth $11,682,000 after buying an additional 3,770 shares during the last quarter. Finally, Ronald Blue & Co. LLC boosted its position in shares of Texas Instruments by 2.4% in the second quarter. Ronald Blue & Co. LLC now owns 3,652 shares of the semiconductor company’s stock worth $281,000 after buying an additional 87 shares during the last quarter. 84.64% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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