Texas Instruments (NASDAQ:TXN) Price Target Raised to $195.00 at JPMorgan Chase & Co.

Texas Instruments (NASDAQ:TXN) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $180.00 to $195.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 11.27% from the stock’s current price.

TXN has been the subject of several other reports. UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the company from $170.00 to $195.00 in a report on Friday, January 19th. Morgan Stanley upped their target price on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Barclays reduced their price objective on 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. Evercore ISI began coverage on Texas Instruments in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $213.00 price objective for the company. Finally, Susquehanna increased their price objective on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Trading Up 0.3 %

Shares of Texas Instruments stock opened at $175.25 on Wednesday. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The firm has a market cap of $159.49 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. The business has a fifty day simple moving average of $168.95 and a 200-day simple moving average of $162.08. 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 earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. The business 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 business posted $1.85 earnings per share. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction 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 SEC, which is accessible through this hyperlink. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TXN. Founders Financial Securities LLC increased its holdings in shares of Texas Instruments by 4.5% during the 3rd quarter. Founders Financial Securities LLC now owns 3,483 shares of the semiconductor company’s stock valued at $554,000 after acquiring an additional 150 shares during the last quarter. Meridian Wealth Management LLC boosted its stake in Texas Instruments by 4.5% during the 3rd quarter. Meridian Wealth Management LLC now owns 4,762 shares of the semiconductor company’s stock valued at $757,000 after purchasing an additional 207 shares during the period. Private Trust Co. NA boosted its stake in Texas Instruments by 1.1% during the 3rd quarter. Private Trust Co. NA now owns 7,976 shares of the semiconductor company’s stock valued at $1,268,000 after purchasing an additional 87 shares during the period. Boston Trust Walden Corp boosted its stake in Texas Instruments by 38.2% during the 3rd quarter. Boston Trust Walden Corp now owns 54,143 shares of the semiconductor company’s stock valued at $8,609,000 after purchasing an additional 14,965 shares during the period. Finally, Capital Asset Advisory Services LLC boosted its stake in Texas Instruments by 4.7% during the 3rd quarter. Capital Asset Advisory Services LLC now owns 1,659 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 75 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.