TD Cowen Boosts Texas Instruments (NASDAQ:TXN) Price Target to $175.00

Texas Instruments (NASDAQ:TXN) had its price target raised by investment analysts at TD Cowen from $160.00 to $175.00 in a research report issued on Wednesday, Marketbeat reports. The firm presently has a “hold” rating on the semiconductor company’s stock. TD Cowen’s target price indicates a potential downside of 0.14% from the stock’s current price.

A number of other brokerages also recently commented on TXN. Cantor Fitzgerald upped their target price on Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Barclays lowered their target price on 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 upgraded Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Susquehanna lowered their target price on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $190.00 target price on shares of Texas Instruments in a research note on Tuesday, January 23rd. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Stock Up 0.3 %

Shares of TXN stock opened at $175.25 on Wednesday. The stock’s 50-day simple moving average is $168.95 and its 200-day simple moving average is $162.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The firm has a market capitalization of $159.49 billion, a PE ratio of 27.34, a P/E/G ratio of 3.56 and a beta of 1.04. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for 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 was down 16.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.85 earnings per share. Equities analysts expect that Texas Instruments will post 5.16 earnings per share for the current year.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AXQ Capital LP increased its holdings in shares of Texas Instruments by 64.3% in the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 1,800 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services increased its holdings in shares of Texas Instruments by 0.4% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after purchasing an additional 155 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Texas Instruments by 39.9% in the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after purchasing an additional 2,397 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Texas Instruments by 2.2% in the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after purchasing an additional 177 shares during the last quarter. Finally, Chicago Capital LLC increased its holdings in shares of Texas Instruments by 182.7% in the fourth quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after purchasing an additional 8,311 shares during the last quarter. Hedge funds and other institutional investors 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.