Texas Instruments’ (TXN) Buy Rating Reaffirmed at Benchmark

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating reaffirmed by investment analysts at Benchmark in a research report issued on Wednesday, Benzinga reports. They presently have a $210.00 price objective on the semiconductor company’s stock. Benchmark’s target price suggests a potential upside of 19.83% from the company’s current price.

Other equities analysts have also issued research reports about the company. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and lifted their price target for the company from $170.00 to $195.00 in a research note on Friday, January 19th. Morgan Stanley lifted their price target on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Barclays cut their price target 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 target for the company. Finally, Rosenblatt Securities restated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Stock Performance

NASDAQ TXN opened at $175.25 on Wednesday. The stock has a 50-day simple moving average of $168.95 and a two-hundred day simple moving average of $162.08. The firm has a market capitalization 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 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 data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share 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 return on equity of 35.54% and a net margin of 35.16%. The company’s revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. On average, equities analysts forecast that Texas Instruments will post 5.16 earnings per share for the current year.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction that occurred 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 $1,869,126.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. AXQ Capital LP raised its position in Texas Instruments by 64.3% in the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 1,800 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its position in Texas Instruments by 0.4% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after purchasing an additional 155 shares during the period. Verdence Capital Advisors LLC raised its position in Texas Instruments by 39.9% in the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after purchasing an additional 2,397 shares during the period. Salem Investment Counselors Inc. raised its position in Texas Instruments by 2.2% in the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after purchasing an additional 177 shares during the period. Finally, Chicago Capital LLC raised its position in Texas Instruments by 182.7% in the fourth quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after purchasing an additional 8,311 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.