Truist Financial Raises Texas Instruments (NASDAQ:TXN) Price Target to $167.00

Texas Instruments (NASDAQ:TXN) had its target price hoisted by research analysts at Truist Financial from $165.00 to $167.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s target price suggests a potential downside of 4.71% from the company’s current price.

Several other research analysts also recently weighed in on the company. Morgan Stanley upped their price target on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday. Barclays decreased their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Cantor Fitzgerald upped their price objective on Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Susquehanna decreased their price objective on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Trading Up 0.3 %

Shares of NASDAQ:TXN 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 company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The company 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. The stock has a 50 day moving average of $168.95 and a 200 day moving average of $162.08.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results 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. 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 company posted $1.85 EPS. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, equities research analysts expect that Texas Instruments will post 5.16 EPS for the current year.

Insiders Place Their Bets

In other Texas Instruments 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 sale, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

A number of hedge funds and other institutional investors have recently bought and sold shares of TXN. Tennessee Valley Asset Management Partners bought a new position in shares of Texas Instruments during the 4th quarter worth $25,000. Life Planning Partners Inc bought a new position in shares of Texas Instruments during the 4th quarter worth $26,000. Richardson Financial Services Inc. bought a new position in shares of Texas Instruments during the 4th quarter worth $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments during the 4th quarter worth $26,000. Finally, Annapolis Financial Services LLC grew its position in shares of Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors 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.