UBS Group Reiterates Buy Rating for Texas Instruments (NASDAQ:TXN)

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating reiterated by equities research analysts at UBS Group in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They presently have a $255.00 target price on the semiconductor company’s stock, up from their prior target price of $245.00. UBS Group’s target price points to a potential upside of 16.78% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Seaport Res Ptn upgraded shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, April 30th. DZ Bank upgraded Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 price objective for the company in a report on Friday, April 25th. Sanford C. Bernstein raised shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 5th. Citigroup increased their price objective on Texas Instruments from $220.00 to $260.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, TD Cowen raised shares of Texas Instruments from a “hold” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $245.00 in a research report on Friday, July 11th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $202.49.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $218.36 on Monday. The firm has a market cap of $198.37 billion, a PE ratio of 41.43, a price-to-earnings-growth ratio of 3.58 and a beta of 1.03. The firm’s 50-day simple moving average is $196.41 and its 200-day simple moving average is $184.64. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. Texas Instruments has a 1 year low of $139.95 and a 1 year high of $221.69.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the company posted $1.10 earnings per share. Texas Instruments’s revenue was up 11.1% on a year-over-year basis. Equities analysts forecast that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TXN. Brighton Jones LLC grew its holdings in Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after acquiring an additional 4,218 shares during the period. Bank Pictet & Cie Europe AG boosted its position in shares of Texas Instruments by 14.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company’s stock worth $25,942,000 after purchasing an additional 17,840 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of Texas Instruments by 69.0% during the fourth quarter. Proficio Capital Partners LLC now owns 3,834 shares of the semiconductor company’s stock worth $719,000 after purchasing an additional 1,566 shares during the period. one8zero8 LLC bought a new stake in Texas Instruments in the fourth quarter valued at about $263,000. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Texas Instruments by 2.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 54,558 shares of the semiconductor company’s stock valued at $10,230,000 after purchasing an additional 1,399 shares during the last quarter. 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.