Texas Instruments (NASDAQ:TXN) PT Raised to $172.00 at Stifel Nicolaus

Texas Instruments (NASDAQ:TXN) had its price target hoisted by equities research analysts at Stifel Nicolaus from $160.00 to $172.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 1.85% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. KeyCorp increased their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Susquehanna increased their target price on shares of Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday. TD Cowen increased their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday. Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a research report on Wednesday. Finally, Morgan Stanley increased their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Stock Up 0.3 %

Shares of NASDAQ TXN opened at $175.25 on Wednesday. The company has a 50 day simple moving average of $168.95 and a 200 day simple moving average of $162.08. The firm 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 has a 1 year low of $139.48 and a 1 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.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.54%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the business earned $1.85 EPS. On average, research analysts forecast that Texas Instruments will post 5.16 EPS for the current year.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction 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 directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

A number of large investors have recently modified their holdings of the company. Annapolis Financial Services LLC lifted its stake in Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new position in Texas Instruments during the 3rd quarter valued at $25,000. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments during the 4th quarter valued at $25,000. Life Planning Partners Inc bought a new position in Texas Instruments during the 4th quarter valued at $26,000. Finally, Richardson Financial Services Inc. bought a new position in Texas Instruments during the 4th quarter valued at $26,000. 84.99% of the stock is currently owned by 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.