Texas Instruments (NASDAQ:TXN) Rating Reiterated by Benchmark

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating reiterated by investment analysts at Benchmark in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $210.00 price target on the semiconductor company’s stock. Benchmark’s price target points to a potential upside of 38.26% from the company’s previous close.

A number of other research firms have also recently commented on TXN. Sanford C. Bernstein cut Texas Instruments from a “market perform” rating to an “underperform” rating and set a $145.00 price target on the stock. in a report on Wednesday, August 30th. Rosenblatt Securities decreased their price objective on Texas Instruments from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Bank of America decreased their price objective on Texas Instruments from $195.00 to $175.00 in a report on Tuesday, October 10th. UBS Group decreased their price objective on Texas Instruments from $190.00 to $185.00 in a report on Wednesday, July 26th. Finally, Wolfe Research assumed coverage on Texas Instruments in a report on Wednesday, July 19th. They set a “peer perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $173.57.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $151.89 on Wednesday. The company has a quick ratio of 4.22, a current ratio of 5.69 and a debt-to-equity ratio of 0.66. The stock has a market cap of $137.95 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 2.32 and a beta of 1.01. The firm’s fifty day simple moving average is $153.83 and its 200 day simple moving average is $165.82. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 24th. The semiconductor company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). Texas Instruments had a return on equity of 45.23% and a net margin of 39.21%. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.57 billion. As a group, research analysts predict that Texas Instruments will post 7 EPS for the current year.

Insider Buying and Selling at Texas Instruments

In related news, Director Ronald Kirk sold 12,299 shares of Texas Instruments stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $145.51, for a total transaction of $1,789,627.49. Following the transaction, the director now owns 13,637 shares in the company, valued at $1,984,319.87. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Instruments

Several large investors have recently modified their holdings of the business. Creative Planning lifted its stake in Texas Instruments by 12.0% during the 3rd quarter. Creative Planning now owns 161,738 shares of the semiconductor company’s stock worth $25,718,000 after acquiring an additional 17,280 shares in the last quarter. Obsidian Personal Planning Solutions LLC purchased a new stake in Texas Instruments during the 3rd quarter worth about $453,000. Harbour Investments Inc. increased its holdings in Texas Instruments by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock worth $508,000 after purchasing an additional 67 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in Texas Instruments by 4.4% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 11,393 shares of the semiconductor company’s stock worth $1,812,000 after purchasing an additional 479 shares during the period. Finally, American Trust increased its holdings in Texas Instruments by 3.5% during the 3rd quarter. American Trust now owns 26,204 shares of the semiconductor company’s stock worth $4,167,000 after purchasing an additional 897 shares during the period. Institutional investors and hedge funds own 83.37% 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. It operates in two segments, Analog and Embedded Processing. 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.