Texas Instruments (NASDAQ:TXN) Given New $157.00 Price Target at The Goldman Sachs Group

Texas Instruments (NASDAQ:TXN) had its price target lifted by The Goldman Sachs Group from $137.00 to $157.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “sell” rating on the semiconductor company’s stock. The Goldman Sachs Group’s price target indicates a potential downside of 10.41% from the company’s current price.

Several other research analysts have also recently issued reports on TXN. JPMorgan Chase & Co. lifted their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a report on Wednesday. Mizuho lifted their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday. Benchmark reissued a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday. Finally, Evercore ISI assumed coverage on shares of Texas Instruments in a report on Tuesday, April 16th. They set an “outperform” rating and a $213.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Trading Up 0.3 %

NASDAQ:TXN opened at $175.25 on Wednesday. Texas Instruments has a one year low of $139.48 and a one year high of $188.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The company’s 50-day simple moving average is $168.95 and its 200 day simple moving average is $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 (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.54%. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 earnings per share. As a group, analysts forecast that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly 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 the SEC website. 0.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

A number of hedge funds have recently modified their holdings of the company. KG&L Capital Management LLC boosted its position in shares of Texas Instruments by 4.2% in the first quarter. KG&L Capital Management LLC now owns 2,789 shares of the semiconductor company’s stock worth $486,000 after purchasing an additional 112 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Texas Instruments by 11.0% in the first quarter. Verdence Capital Advisors LLC now owns 8,018 shares of the semiconductor company’s stock worth $1,397,000 after purchasing an additional 794 shares during the period. Petredis Investment Advisors LLC boosted its position in shares of Texas Instruments by 1.9% in the first quarter. Petredis Investment Advisors LLC now owns 12,791 shares of the semiconductor company’s stock worth $2,228,000 after purchasing an additional 241 shares during the period. Emerald Advisors LLC boosted its position in shares of Texas Instruments by 9.9% in the first quarter. Emerald Advisors LLC now owns 4,272 shares of the semiconductor company’s stock worth $744,000 after purchasing an additional 384 shares during the period. Finally, Caliber Wealth Management LLC boosted its position in shares of Texas Instruments by 2.5% during the first quarter. Caliber Wealth Management LLC now owns 14,126 shares of the semiconductor company’s stock worth $2,461,000 after acquiring an additional 338 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

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.