Texas Instruments (NASDAQ:TXN) Price Target Increased to $225.00 by Analysts at Evercore ISI

Texas Instruments (NASDAQ:TXN) had its price objective boosted by analysts at Evercore ISI from $213.00 to $225.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Evercore ISI’s price target suggests a potential upside of 28.39% from the stock’s current price.

Several other research analysts have also issued reports on TXN. TD Cowen upped their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday. Benchmark reiterated a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday. Mizuho upped their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday. KeyCorp upped their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $210.00 target price on shares of Texas Instruments in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Trading Up 0.3 %

Texas Instruments stock opened at $175.25 on Wednesday. The stock has a market cap 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 fifty-two week low of $139.48 and a fifty-two week high of $188.12. The firm’s fifty day moving average price is $168.95 and its 200-day moving average price 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.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion for 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 quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.85 earnings per share. Equities research analysts forecast that Texas Instruments will post 5.16 earnings per share for the current fiscal year.

Insider Transactions at Texas Instruments

In other 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 transaction of $278,778.40. Following the completion of the sale, 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.

Institutional Trading of Texas Instruments

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Texas Instruments in the fourth quarter worth about $1,649,592,000. Morgan Stanley raised its stake in Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after buying an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System raised its stake in Texas Instruments by 33.2% in 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 buying an additional 1,502,989 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Texas Instruments by 565.4% in 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 buying an additional 1,439,066 shares in the last quarter. Finally, Baillie Gifford & Co. raised its stake in Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after buying an additional 1,385,725 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.