Credit Suisse Group Lowers Texas Instruments (NASDAQ:TXN) Price Target to $195.00

Texas Instruments (NASDAQ:TXN – Get Rating) had its price target decreased by analysts at Credit Suisse Group from $200.00 to $195.00 in a report released on Wednesday, The Fly reports. Credit Suisse Group’s target price indicates a potential upside of 15.77% from the stock’s current price.

TXN has been the topic of several other research reports. StockNews.com initiated coverage on shares of Texas Instruments in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Truist Financial reduced their price target on shares of Texas Instruments from $195.00 to $189.00 and set a “hold” rating on the stock in a research report on Friday, April 8th. Susquehanna reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, January 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Texas Instruments from $170.00 to $180.00 in a research note on Wednesday, January 26th. Finally, Evercore ISI dropped their price objective on shares of Texas Instruments from $210.00 to $190.00 and set an “in-line” rating for the company in a research note on Wednesday, January 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $204.33.

Texas Instruments stock opened at $168.44 on Wednesday. The stock has a market cap of $155.45 billion, a P/E ratio of 20.39, a PEG ratio of 2.09 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 5.33 and a quick ratio of 4.58. Texas Instruments has a 1 year low of $161.04 and a 1 year high of $202.26. The firm’s 50 day moving average price is $174.92 and its 200-day moving average price is $182.77.

Texas Instruments (NASDAQ:TXN – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.17. Texas Instruments had a net margin of 42.35% and a return on equity of 66.40%. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter last year, the business posted $1.87 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities analysts expect that Texas Instruments will post 9.09 EPS for the current year.

In other news, Director Mark A. Blinn sold 4,095 shares of the company’s stock in a transaction dated Friday, February 4th. The shares were sold at an average price of $170.54, for a total transaction of $698,361.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Amichai Ron sold 2,037 shares of the company’s stock in a transaction dated Tuesday, February 8th. The shares were sold at an average price of $171.96, for a total transaction of $350,282.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,601 shares of company stock worth $6,987,383. Corporate insiders own 0.54% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of TXN. Norges Bank purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $1,534,890,000. Wellington Management Group LLP boosted its position in Texas Instruments by 24.7% in the third quarter. Wellington Management Group LLP now owns 23,687,105 shares of the semiconductor company’s stock valued at $4,552,898,000 after buying an additional 4,689,046 shares during the last quarter. BlackRock Inc. boosted its position in Texas Instruments by 2.6% in the third quarter. BlackRock Inc. now owns 72,899,263 shares of the semiconductor company’s stock valued at $14,011,966,000 after buying an additional 1,871,544 shares during the last quarter. Renaissance Technologies LLC boosted its position in Texas Instruments by 360.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,704,000 shares of the semiconductor company’s stock valued at $321,153,000 after buying an additional 1,333,800 shares during the last quarter. Finally, Marathon Asset Mgmt Ltd purchased a new stake in Texas Instruments in the third quarter valued at approximately $234,743,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

About Texas Instruments (Get Rating)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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