Texas Instruments (NASDAQ:TXN) Price Target Increased to $175.00 by Analysts at Citigroup

Texas Instruments (NASDAQ:TXNGet Rating) had its price objective raised by Citigroup from $155.00 to $175.00 in a research report report published on Wednesday, The Fly reports.

Other equities analysts have also recently issued reports about the stock. Cowen cut their target price on shares of Texas Instruments from $170.00 to $160.00 in a research note on Wednesday, October 26th. Barclays raised shares of Texas Instruments from an underweight rating to an equal weight rating and set a $150.00 target price for the company in a research note on Monday, October 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Texas Instruments from $155.00 to $158.00 in a research note on Wednesday, December 14th. Oppenheimer cut their target price on shares of Texas Instruments from $200.00 to $185.00 and set an outperform rating for the company in a research note on Friday, October 21st. Finally, Susquehanna cut their target price on shares of Texas Instruments from $215.00 to $195.00 in a research note on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Texas Instruments currently has a consensus rating of Hold and an average target price of $175.70.

Texas Instruments Stock Down 0.9 %

Shares of TXN stock opened at $173.76 on Wednesday. Texas Instruments has a 12 month low of $144.46 and a 12 month high of $191.34. The stock has a market cap of $157.70 billion, a P/E ratio of 18.21, a P/E/G ratio of 2.42 and a beta of 1.02. The company has a current ratio of 4.92, a quick ratio of 4.06 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $172.94 and a two-hundred day simple moving average of $167.81.

Texas Instruments (NASDAQ:TXNGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The semiconductor company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Texas Instruments had a net margin of 44.21% and a return on equity of 63.68%. On average, research analysts expect that Texas Instruments will post 9.24 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total value of $1,749,848.40. Following the transaction, the director now owns 8,942 shares of the company’s stock, valued at approximately $1,566,280.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Texas Instruments news, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the transaction, the director now owns 8,942 shares of the company’s stock, valued at approximately $1,566,280.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ahmad Bahai sold 1,109 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $180.01, for a total transaction of $199,631.09. Following the transaction, the vice president now directly owns 27,306 shares in the company, valued at approximately $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Enterprise Trust & Investment Co purchased a new position in shares of Texas Instruments in the 2nd quarter worth approximately $25,000. Endurance Wealth Management Inc. purchased a new position in shares of Texas Instruments in the 3rd quarter worth approximately $26,000. SJS Investment Consulting Inc. purchased a new position in shares of Texas Instruments in the 3rd quarter worth approximately $27,000. Core Wealth Advisors Inc. boosted its stake in Texas Instruments by 993.8% in the 3rd quarter. Core Wealth Advisors Inc. now owns 175 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 159 shares in the last quarter. Finally, My Personal CFO LLC acquired a new stake in Texas Instruments in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 83.12% of the company’s stock.

About Texas Instruments

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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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