Texas Instruments (NASDAQ:TXN) Given Neutral Rating at Cantor Fitzgerald

Texas Instruments (NASDAQ:TXN)‘s stock had its “neutral” rating reaffirmed by research analysts at Cantor Fitzgerald in a research note issued on Wednesday, Benzinga reports. They currently have a $180.00 price objective on the semiconductor company’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 2.71% from the stock’s current price. Cantor Fitzgerald also issued estimates for Texas Instruments’ FY2024 earnings at $5.15 EPS.

TXN has been the subject of a number of other research reports. Barclays dropped their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. KeyCorp increased their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Stifel Nicolaus increased their price objective on shares of Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $180.74.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $175.25 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The firm has a fifty day moving average price of $168.95 and a two-hundred day moving average price of $162.08. The company has a market cap of $159.49 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results 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. Texas Instruments had a net margin of 35.16% and a return on equity of 35.54%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the firm earned $1.85 EPS. The business’s revenue was down 16.4% on a year-over-year basis. Analysts expect that Texas Instruments will post 5.16 EPS for the current year.

Insider Buying and Selling at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s 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 transaction, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Several institutional investors have recently modified their holdings of the business. Chemistry Wealth Management LLC grew its position in shares of Texas Instruments by 5.2% during the 1st quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock worth $218,000 after buying an additional 62 shares during the period. Field & Main Bank grew its holdings in Texas Instruments by 10.4% during the fourth quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 65 shares during the period. Guardian Wealth Management Inc. grew its holdings in Texas Instruments by 0.6% during the fourth quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock valued at $1,873,000 after purchasing an additional 65 shares during the period. Buckley Wealth Management LLC grew its holdings in Texas Instruments by 1.1% during the first quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock valued at $1,028,000 after purchasing an additional 65 shares during the period. Finally, Howard Financial Services LTD. grew its holdings in Texas Instruments by 3.1% during the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds 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.