Texas Instruments (NASDAQ:TXN) Given “Positive” Rating at Susquehanna

Texas Instruments (NASDAQ:TXN)‘s stock had its “positive” rating reaffirmed by equities research analysts at Susquehanna in a report released on Monday, Benzinga reports. They currently have a $215.00 price target on the semiconductor company’s stock. Susquehanna’s target price indicates a potential upside of 31.78% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. StockNews.com assumed coverage on shares of Texas Instruments in a report on Thursday, August 17th. They issued a “hold” rating for the company. UBS Group lowered their target price on shares of Texas Instruments from $190.00 to $185.00 in a report on Wednesday, July 26th. Barclays raised their target price on shares of Texas Instruments from $165.00 to $175.00 in a report on Wednesday, July 26th. Citigroup raised their price target on shares of Texas Instruments from $173.00 to $182.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 18th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $185.32.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded up $0.53 during midday trading on Monday, reaching $163.15. 1,196,634 shares of the company were exchanged, compared to its average volume of 5,088,575. The company has a current ratio of 5.72, a quick ratio of 4.35 and a debt-to-equity ratio of 0.69. The business’s fifty day moving average is $172.20 and its two-hundred day moving average is $173.18. Texas Instruments has a one year low of $145.97 and a one year high of $188.12. The stock has a market cap of $148.13 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.42 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. Texas Instruments had a net margin of 40.84% and a return on equity of 50.90%. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the prior year, the business earned $2.45 earnings per share. Texas Instruments’s revenue for the quarter was down 13.1% on a year-over-year basis. As a group, analysts predict that Texas Instruments will post 7.34 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Carrie Smith Cox sold 16,055 shares of Texas Instruments stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $180.04, for a total value of $2,890,542.20. Following the completion of the sale, the director now directly owns 35,801 shares in the company, valued at approximately $6,445,612.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $179.34, for a total transaction of $1,890,064.26. Following the completion of the sale, the director now directly owns 32,662 shares in the company, valued at approximately $5,857,603.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carrie Smith Cox sold 16,055 shares of Texas Instruments stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $2,890,542.20. Following the sale, the director now owns 35,801 shares of the company’s stock, valued at $6,445,612.04. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors have recently made changes to their positions in TXN. Fairfield Bush & CO. purchased a new position in shares of Texas Instruments during the 1st quarter valued at approximately $56,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Texas Instruments by 32.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock worth $182,908,000 after acquiring an additional 243,907 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Texas Instruments by 7.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock worth $1,105,000 after acquiring an additional 413 shares in the last quarter. Wsfs Capital Management LLC purchased a new stake in Texas Instruments in the 1st quarter worth $337,000. Finally, Bridgefront Capital LLC purchased a new stake in Texas Instruments in the 1st quarter worth $315,000. 83.37% of the stock is owned by hedge funds and other institutional investors.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.