Texas Instruments (NASDAQ:TXN) PT Raised to $225.00

Texas Instruments (NASDAQ:TXN) had its target price boosted by analysts at Evercore ISI from $213.00 to $225.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor company’s stock. Evercore ISI’s target price would indicate a potential upside of 28.39% from the company’s previous close.

A number of other equities analysts have also commented on TXN. Mizuho raised their price objective on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Texas Instruments in a report on Wednesday. Barclays reduced their target price 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. Morgan Stanley raised their target price on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $180.74.

Texas Instruments Price Performance

Texas Instruments stock opened at $175.25 on Wednesday. The stock’s fifty day moving average price is $168.95 and its two-hundred day moving average price is $162.08. Texas Instruments has a one year low of $139.48 and a one year high of $188.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The firm 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.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company earned $1.85 EPS. The company’s revenue was down 16.4% on a year-over-year basis. As a group, research analysts expect that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was 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 directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TXN. Annapolis Financial Services LLC raised its position in 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 purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc bought a new position in shares of Texas Instruments in the 3rd quarter worth about $25,000. Tennessee Valley Asset Management Partners bought a new position in shares of Texas Instruments in the 4th quarter worth about $25,000. Life Planning Partners Inc bought a new position in shares of Texas Instruments in the 4th quarter worth about $26,000. Finally, Richardson Financial Services Inc. bought a new position in shares of Texas Instruments in the 4th quarter worth about $26,000. 84.99% of the stock is owned by institutional investors.

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.