Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating restated by Oppenheimer in a research report issued to clients and investors on Friday. They presently have a $130.00 target price on the semiconductor company’s stock. Oppenheimer’s price objective would suggest a potential upside of 11.27% from the company’s previous close.

Several other research firms have also issued reports on TXN. Stifel Nicolaus lifted their price target on Texas Instruments from $98.00 to $115.00 and gave the stock a “hold” rating in a research report on Thursday. BMO Capital Markets reissued an “outperform” rating and issued a $138.00 target price (up previously from $5.08) on shares of Texas Instruments in a research report on Friday. Zacks Investment Research lowered Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Credit Suisse Group reissued an “in-line” rating and issued a $125.00 target price (up previously from $110.00) on shares of Texas Instruments in a research report on Tuesday, January 16th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $112.00 target price on shares of Texas Instruments in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $99.29.

Texas Instruments (NASDAQ TXN) opened at $116.83 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96. The stock has a market capitalization of $115,560.00, a PE ratio of 26.61, a PEG ratio of 2.66 and a beta of 1.27. Texas Instruments has a 52-week low of $74.16 and a 52-week high of $119.98.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. Texas Instruments’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 EPS. research analysts expect that Texas Instruments will post 4.36 earnings per share for the current year.

In other news, Director Mark A. Blinn sold 16,990 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the completion of the sale, the director now owns 18,495 shares of the company’s stock, valued at approximately $1,783,657.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 450,000 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $96.51, for a total transaction of $43,429,500.00. Following the sale, the chairman now directly owns 1,137,056 shares of the company’s stock, valued at approximately $109,737,274.56. The disclosure for this sale can be found here. Insiders have sold a total of 1,362,293 shares of company stock valued at $131,754,396 in the last ninety days. Insiders own 0.96% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Texas Instruments by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock valued at $6,256,728,000 after acquiring an additional 1,683,613 shares during the period. BlackRock Inc. grew its stake in shares of Texas Instruments by 1.1% during the 2nd quarter. BlackRock Inc. now owns 65,400,461 shares of the semiconductor company’s stock valued at $5,031,257,000 after acquiring an additional 681,821 shares during the period. Capital International Investors grew its stake in shares of Texas Instruments by 3.0% during the 3rd quarter. Capital International Investors now owns 14,794,402 shares of the semiconductor company’s stock valued at $1,326,170,000 after acquiring an additional 435,938 shares during the period. Janus Henderson Group PLC grew its stake in shares of Texas Instruments by 16.5% during the 3rd quarter. Janus Henderson Group PLC now owns 14,482,401 shares of the semiconductor company’s stock valued at $1,298,212,000 after acquiring an additional 2,055,040 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Texas Instruments by 0.4% during the 2nd quarter. Northern Trust Corp now owns 13,556,007 shares of the semiconductor company’s stock valued at $1,042,864,000 after acquiring an additional 53,846 shares during the period. Institutional investors own 83.85% of the company’s stock.

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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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