Texas Instruments (NASDAQ:TXN) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Texas Instruments (NASDAQ:TXN) had its target price boosted by investment analysts at Wells Fargo & Company from $190.00 to $215.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 0.73% from the stock’s previous close.

Several other brokerages have also recently commented on TXN. Argus raised Texas Instruments to a “strong-buy” rating in a research report on Friday, April 25th. Mizuho lifted their price objective on Texas Instruments from $170.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Truist Financial decreased their target price on Texas Instruments from $195.00 to $171.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Seaport Res Ptn upgraded Texas Instruments to a “strong sell” rating in a research note on Wednesday, April 30th. Finally, Summit Insights cut Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $203.53.

Texas Instruments Stock Performance

Shares of TXN opened at $216.59 on Wednesday. The company has a 50-day moving average of $198.46 and a two-hundred day moving average of $185.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The stock has a market cap of $196.77 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 3.53 and a beta of 1.03. Texas Instruments has a one year low of $139.95 and a one year high of $221.69.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.91 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts expect that Texas Instruments will post 5.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chicago Capital LLC raised its stake in shares of Texas Instruments by 33.2% during the second quarter. Chicago Capital LLC now owns 14,354 shares of the semiconductor company’s stock valued at $2,980,000 after acquiring an additional 3,574 shares in the last quarter. Emerald Advisors LLC grew its holdings in shares of Texas Instruments by 9.0% during the second quarter. Emerald Advisors LLC now owns 6,413 shares of the semiconductor company’s stock valued at $1,332,000 after buying an additional 530 shares during the last quarter. Centennial Wealth Advisory LLC purchased a new stake in shares of Texas Instruments during the second quarter valued at $246,000. Campbell Newman Asset Management Inc. grew its holdings in shares of Texas Instruments by 35.6% during the second quarter. Campbell Newman Asset Management Inc. now owns 169,980 shares of the semiconductor company’s stock valued at $35,291,000 after buying an additional 44,659 shares during the last quarter. Finally, Spartan Planning & Wealth Management purchased a new stake in Texas Instruments in the second quarter valued at $359,000. 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.