Texas Instruments (NASDAQ:TXN) PT Raised to $225.00

Texas Instruments (NASDAQ:TXN) had its price objective boosted by equities researchers at Evercore ISI from $213.00 to $225.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. Evercore ISI’s price target suggests a potential upside of 28.28% from the company’s current price.

A number of other brokerages have also recently issued reports on TXN. Benchmark restated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday. TD Cowen boosted their target price on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday. Stifel Nicolaus lifted their price objective on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a report on Wednesday. Morgan Stanley raised their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. Finally, KeyCorp upped their price objective on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $181.79.

Texas Instruments Trading Up 6.0 %

Shares of Texas Instruments stock traded up $9.93 on Wednesday, hitting $175.40. 8,646,384 shares of the company’s stock traded hands, compared to its average volume of 5,596,297. The firm’s 50-day moving average price is $168.32 and its two-hundred day moving average price is $161.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The stock has a market capitalization of $159.62 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. Texas Instruments has a one year low of $139.48 and a one year high of $188.12.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the company posted $1.85 earnings per share. The firm’s revenue was down 16.4% on a year-over-year basis. On average, research analysts expect that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

A number of hedge funds have recently added to or reduced their stakes in the company. Founders Financial Securities LLC increased its holdings in Texas Instruments by 4.5% during the 3rd quarter. Founders Financial Securities LLC now owns 3,483 shares of the semiconductor company’s stock worth $554,000 after purchasing an additional 150 shares in the last quarter. Meridian Wealth Management LLC raised its position in Texas Instruments by 4.5% in the 3rd quarter. Meridian Wealth Management LLC now owns 4,762 shares of the semiconductor company’s stock valued at $757,000 after buying an additional 207 shares during the last quarter. Private Trust Co. NA lifted its stake in Texas Instruments by 1.1% during the 3rd quarter. Private Trust Co. NA now owns 7,976 shares of the semiconductor company’s stock valued at $1,268,000 after acquiring an additional 87 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in Texas Instruments by 38.2% during the 3rd quarter. Boston Trust Walden Corp now owns 54,143 shares of the semiconductor company’s stock worth $8,609,000 after acquiring an additional 14,965 shares during the last quarter. Finally, Capital Asset Advisory Services LLC grew its stake in shares of Texas Instruments by 4.7% in the 3rd quarter. Capital Asset Advisory Services LLC now owns 1,659 shares of the semiconductor company’s stock worth $261,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Company Profile

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.