Mizuho Boosts Texas Instruments (NASDAQ:TXN) Price Target to $170.00

Texas Instruments (NASDAQ:TXN) had its price objective hoisted by investment analysts at Mizuho from $164.00 to $170.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. Mizuho’s price objective points to a potential downside of 3.00% from the stock’s current price.

TXN has been the topic of a number of other reports. Cantor Fitzgerald upped their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Barclays dropped their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price target for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Truist Financial upped their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Evercore ISI began coverage on shares of Texas Instruments in a research report on Tuesday, April 16th. They set an “outperform” rating and a $213.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Price Performance

TXN opened at $175.25 on Wednesday. The stock has a fifty day moving average of $168.95 and a 200-day moving average of $162.08. The firm has a market capitalization of $159.49 billion, a P/E ratio of 27.34, a PEG ratio of 3.56 and a beta of 1.04. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company 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 35.54% and a net margin of 35.16%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 earnings per share. Equities analysts forecast that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of the 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 owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently made changes to their positions in TXN. Norges Bank bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $1,649,592,000. Morgan Stanley lifted its stake in Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. California Public Employees Retirement System lifted its stake in Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. lifted its stake in Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after purchasing an additional 1,439,066 shares during the period. Finally, Baillie Gifford & Co. lifted its stake in Texas Instruments by 338.4% during the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after purchasing an additional 1,385,725 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.