Texas Instruments (NASDAQ:TXN) PT Raised to $167.00 at Truist Financial

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

Other research analysts also recently issued research reports about the stock. Susquehanna dropped their target price on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Mizuho lowered their price objective on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Cantor Fitzgerald upped their price objective on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Morgan Stanley upped their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. Finally, Barclays lowered their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Three research 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $180.74.

Texas Instruments Stock Up 0.3 %

Texas Instruments stock opened at $175.25 on Wednesday. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12. The firm’s fifty day moving average is $168.95 and its 200 day moving average is $162.08. The company has a market capitalization of $159.49 billion, a PE ratio of 27.34, a PEG ratio of 3.56 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.54%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the company earned $1.85 EPS. Texas Instruments’s quarterly revenue was down 16.4% compared to the same quarter last year. As a group, sell-side analysts predict that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TXN. Annapolis Financial Services LLC boosted its position in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares during the period. Briaud Financial Planning Inc bought a new position in Texas Instruments during the third quarter worth about $25,000. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments during the fourth quarter worth about $25,000. Life Planning Partners Inc bought a new position in Texas Instruments during the fourth quarter worth about $26,000. Finally, Richardson Financial Services Inc. bought a new position in Texas Instruments during the fourth quarter worth about $26,000. 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.