BidaskClub lowered shares of Texas Instruments Incorporated (NASDAQ:TXN) from a strong-buy rating to a buy rating in a research note published on Wednesday.

A number of other research firms also recently weighed in on TXN. Zacks Investment Research raised Texas Instruments from a hold rating to a buy rating and set a $92.00 target price on the stock in a research report on Thursday, July 27th. BMO Capital Markets reissued an outperform rating on shares of Texas Instruments in a research report on Tuesday. Cowen and Company reissued a hold rating and set a $82.00 target price on shares of Texas Instruments in a research report on Friday, July 14th. Barclays PLC lifted their target price on Texas Instruments from $77.00 to $83.00 and gave the stock an equal weight rating in a research report on Tuesday, July 18th. Finally, Loop Capital reissued a hold rating and set a $84.00 target price (up from $79.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Texas Instruments has an average rating of Buy and an average price target of $86.18.

Shares of Texas Instruments (NASDAQ:TXN) traded up 0.804% during mid-day trading on Wednesday, reaching $83.365. The company’s stock had a trading volume of 1,450,687 shares. Texas Instruments has a 12 month low of $66.80 and a 12 month high of $84.65. The stock has a market capitalization of $82.53 billion, a P/E ratio of 20.852 and a beta of 1.20. The company has a 50 day moving average price of $81.52 and a 200 day moving average price of $80.46.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. On average, equities research analysts anticipate that Texas Instruments will post $4.13 earnings per share for the current fiscal year.

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In related news, insider Kevin J. Ritchie sold 105,396 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $81.91, for a total value of $8,632,986.36. Following the completion of the transaction, the insider now owns 252,257 shares in the company, valued at approximately $20,662,370.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the completion of the transaction, the chief operating officer now owns 201,440 shares of the company’s stock, valued at approximately $16,334,769.60. The disclosure for this sale can be found here. Insiders sold a total of 211,301 shares of company stock valued at $17,259,256 in the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of TXN. Enterprise Financial Services Corp raised its position in shares of Texas Instruments by 0.3% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 4 shares during the last quarter. Tradewinds Capital Management LLC raised its position in shares of Texas Instruments by 0.4% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,988 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 8 shares during the last quarter. Financial Advisory Service Inc. raised its position in shares of Texas Instruments by 0.4% during the 2nd quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock valued at $244,000 after acquiring an additional 12 shares during the last quarter. TNB Financial raised its position in shares of Texas Instruments by 0.5% during the 2nd quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock valued at $221,000 after acquiring an additional 14 shares during the last quarter. Finally, Highland Private Wealth Management raised its position in shares of Texas Instruments by 0.8% during the 2nd quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 83.69% of the company’s stock.

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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