Texas Instruments (NASDAQ:TXN) PT Raised to $157.00 at The Goldman Sachs Group

Texas Instruments (NASDAQ:TXN) had its price target boosted by The Goldman Sachs Group from $137.00 to $157.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “sell” rating on the semiconductor company’s stock. The Goldman Sachs Group’s price target would suggest a potential downside of 10.81% from the stock’s previous close.

A number of other analysts have also commented on TXN. Rosenblatt Securities reaffirmed a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday. Morgan Stanley lifted their price target on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Mizuho lifted their price target on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday. Benchmark restated a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday. Finally, TD Cowen boosted their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $181.16.

Texas Instruments Trading Up 6.4 %

NASDAQ:TXN traded up $10.56 during trading hours on Wednesday, hitting $176.03. 7,166,116 shares of the company were exchanged, compared to its average volume of 5,575,557. The stock has a market capitalization of $160.20 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. Texas Instruments has a one year low of $139.48 and a one year high of $188.12. The company has a fifty day simple moving average of $168.32 and a 200 day simple moving average of $161.90.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. Texas Instruments’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.85 EPS. Sell-side analysts expect that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments during the 4th quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the fourth quarter worth $26,000. Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments in the fourth quarter worth $26,000. Scarborough Advisors LLC acquired a new stake in shares of Texas Instruments in the fourth quarter worth $26,000. Finally, Annapolis Financial Services LLC increased its stake in shares of Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 120 shares during the period. Institutional investors 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.