Texas Instruments (NASDAQ:TXN) PT Raised to $205.00

Texas Instruments (NASDAQ:TXN) had its price objective lifted by Susquehanna from $200.00 to $205.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target suggests a potential upside of 16.98% from the company’s previous close.

Several other research analysts have also weighed in on TXN. Rosenblatt Securities reiterated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday. Mizuho increased their price objective on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday. Cantor Fitzgerald raised their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Barclays cut their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Finally, TD Cowen raised their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Price Performance

Texas Instruments stock opened at $175.25 on Wednesday. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12. The stock has a market capitalization of $159.49 billion, a P/E ratio of 27.34, a P/E/G ratio of 3.56 and a beta of 1.04. The firm’s 50-day moving average is $168.95 and its two-hundred day moving average is $162.08. 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 announced its quarterly earnings data 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 business had revenue of $3.66 billion for 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 company’s revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.85 EPS. Equities analysts predict that Texas Instruments will post 5.16 earnings per share for the current year.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’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 transaction of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

Hedge funds have recently made changes to their positions in the stock. Founders Financial Securities LLC boosted its holdings in Texas Instruments by 4.5% in the third quarter. Founders Financial Securities LLC now owns 3,483 shares of the semiconductor company’s stock worth $554,000 after purchasing an additional 150 shares during the period. Meridian Wealth Management LLC boosted its holdings in Texas Instruments by 4.5% in the third quarter. Meridian Wealth Management LLC now owns 4,762 shares of the semiconductor company’s stock worth $757,000 after purchasing an additional 207 shares during the period. Private Trust Co. NA boosted its holdings in Texas Instruments by 1.1% in the third quarter. Private Trust Co. NA now owns 7,976 shares of the semiconductor company’s stock worth $1,268,000 after purchasing an additional 87 shares during the period. Boston Trust Walden Corp boosted its holdings in Texas Instruments by 38.2% in the third quarter. Boston Trust Walden Corp now owns 54,143 shares of the semiconductor company’s stock worth $8,609,000 after purchasing an additional 14,965 shares during the period. Finally, Capital Asset Advisory Services LLC boosted its holdings in Texas Instruments by 4.7% in the third quarter. Capital Asset Advisory Services LLC now owns 1,659 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.