Texas Instruments (NASDAQ:TXN) Receives “Market Perform” Rating from Oppenheimer

Texas Instruments (NASDAQ:TXN)‘s stock had its “market perform” rating restated by equities researchers at Oppenheimer in a research report issued to clients and investors on Wednesday, Benzinga reports.

Several other research analysts have also issued reports on TXN. TD Cowen increased their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday. KeyCorp raised their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Cantor Fitzgerald raised their price objective on shares of Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Truist Financial raised their price objective on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Morgan Stanley raised their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Stock Up 0.3 %

Shares of NASDAQ TXN opened at $175.25 on Wednesday. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $188.12. The firm has a market capitalization 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. The firm has a fifty day simple moving average of $168.95 and a two-hundred day simple moving average of $162.08.

Texas Instruments (NASDAQ:TXN) last issued its quarterly 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 company 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%. Texas Instruments’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period last year, the business earned $1.85 EPS. Equities analysts expect that Texas Instruments will post 5.16 earnings per share for the current year.

Insider Buying and Selling

In related 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 value of $278,778.40. Following the transaction, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Texas Instruments

A number of institutional investors and hedge funds have recently made changes to their positions in TXN. Annapolis Financial Services LLC boosted its holdings in shares of Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares during the last quarter. Briaud Financial Planning Inc purchased a new position in Texas Instruments during the third quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners purchased a new position in Texas Instruments during the fourth quarter valued at approximately $25,000. Life Planning Partners Inc purchased a new position in Texas Instruments during the fourth quarter valued at approximately $26,000. Finally, Richardson Financial Services Inc. purchased a new position in Texas Instruments during the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors 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.