Texas Instruments Incorporated (NASDAQ:TXN)‘s stock had its “hold” rating reaffirmed by equities researchers at Cowen and Company in a research report issued to clients and investors on Friday. They currently have a $82.00 price objective on the semiconductor company’s stock. Cowen and Company’s target price would indicate a potential upside of 0.42% from the company’s previous close.

Several other brokerages have also recently weighed in on TXN. Rosenblatt Securities reaffirmed a “buy” rating and set a $93.00 price objective (up from $90.00) on shares of Texas Instruments in a research note on Saturday, April 29th. Vetr raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating and set a $88.74 price objective on the stock in a research note on Monday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $84.00 price objective on shares of Texas Instruments in a research note on Tuesday, April 25th. Mizuho reaffirmed a “neutral” rating and set a $78.00 price objective (up from $75.00) on shares of Texas Instruments in a research note on Saturday, April 29th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $82.21.

Shares of Texas Instruments (TXN) opened at 81.66 on Friday. The company has a market cap of $81.36 billion, a PE ratio of 21.73 and a beta of 1.21. Texas Instruments has a 12-month low of $64.54 and a 12-month high of $84.65. The stock’s 50 day moving average price is $80.47 and its 200-day moving average price is $78.30.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 25th. The semiconductor company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Texas Instruments had a net margin of 27.54% and a return on equity of 34.50%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. On average, equities research analysts forecast that Texas Instruments will post $3.93 earnings per share for the current year.

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In other news, Director Pamela H. Patsley sold 7,000 shares of the stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $80.55, for a total transaction of $563,850.00. Following the completion of the sale, the director now owns 35,296 shares of the company’s stock, valued at $2,843,092.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin P. March sold 150,000 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $80.74, for a total transaction of $12,111,000.00. Following the sale, the insider now directly owns 448,663 shares of the company’s stock, valued at approximately $36,225,050.62. The disclosure for this sale can be found here. Insiders have sold 323,780 shares of company stock valued at $26,093,457 in the last three months. 0.96% of the stock is owned by insiders.

Several large investors have recently modified their holdings of TXN. CENTRAL TRUST Co increased its stake in shares of Texas Instruments by 0.3% in the first quarter. CENTRAL TRUST Co now owns 33,608 shares of the semiconductor company’s stock valued at $2,707,000 after buying an additional 90 shares in the last quarter. Numeric Investors LLC bought a new stake in shares of Texas Instruments during the fourth quarter valued at about $219,000. Manning & Napier Advisors LLC increased its stake in shares of Texas Instruments by 4.9% in the first quarter. Manning & Napier Advisors LLC now owns 155,157 shares of the semiconductor company’s stock valued at $12,498,000 after buying an additional 7,293 shares in the last quarter. UMB Bank N A MO increased its stake in shares of Texas Instruments by 4.9% in the first quarter. UMB Bank N A MO now owns 326,697 shares of the semiconductor company’s stock valued at $26,319,000 after buying an additional 15,401 shares in the last quarter. Finally, Wealthfront Inc. increased its stake in shares of Texas Instruments by 6.3% in the fourth quarter. Wealthfront Inc. now owns 40,448 shares of the semiconductor company’s stock valued at $2,951,000 after buying an additional 2,401 shares in the last quarter. 84.55% of the stock is owned by institutional investors.

About Texas Instruments

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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