Texas Instruments (NASDAQ:TXN) Price Target Increased to $165.00 by Analysts at Mizuho

Texas Instruments (NASDAQ:TXNGet Rating) had its price objective hoisted by investment analysts at Mizuho from $159.00 to $165.00 in a note issued to investors on Wednesday, The Fly reports. Mizuho’s price objective would indicate a potential downside of 6.80% from the company’s previous close.

TXN has been the subject of several other reports. Morgan Stanley reduced their target price on Texas Instruments from $160.00 to $152.00 and set an “underweight” rating for the company in a research report on Wednesday, October 26th. Sanford C. Bernstein reduced their target price on Texas Instruments to $145.00 in a research report on Thursday, October 27th. Susquehanna Bancshares reduced their target price on Texas Instruments from $215.00 to $195.00 in a research report on Wednesday, October 26th. Susquehanna reduced their target price on Texas Instruments from $215.00 to $195.00 in a research report on Wednesday, October 26th. Finally, The Goldman Sachs Group dropped their price objective on Texas Instruments to $153.00 in a research note on Thursday, October 27th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $177.96.

Texas Instruments Stock Down 0.6 %

TXN opened at $177.04 on Wednesday. Texas Instruments has a 1-year low of $144.46 and a 1-year high of $191.34. The company has a current ratio of 4.92, a quick ratio of 4.06 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $160.68 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 2.41 and a beta of 1.02. The business has a 50 day moving average of $172.92 and a 200-day moving average of $168.62.

Texas Instruments (NASDAQ:TXNGet Rating) last issued its earnings results on Tuesday, October 25th. The semiconductor company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Texas Instruments had a return on equity of 63.68% and a net margin of 44.21%. As a group, sell-side analysts anticipate that Texas Instruments will post 9.23 earnings per share for the current year.

Insider Activity at Texas Instruments

In related news, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total value of $1,749,848.40. Following the transaction, the director now owns 8,942 shares in the company, valued at $1,566,280.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Texas Instruments news, VP Ahmad Bahai sold 1,109 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $180.01, for a total transaction of $199,631.09. Following the transaction, the vice president now owns 27,306 shares in the company, valued at $4,915,353.06. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total value of $1,749,848.40. Following the transaction, the director now owns 8,942 shares in the company, valued at approximately $1,566,280.72. 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. Price T Rowe Associates Inc. MD boosted its holdings in Texas Instruments by 43.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 21,113,372 shares of the semiconductor company’s stock worth $3,244,069,000 after buying an additional 6,363,962 shares during the last quarter. Cottage Street Advisors LLC boosted its holdings in Texas Instruments by 12,970.5% during the fourth quarter. Cottage Street Advisors LLC now owns 2,111,545 shares of the semiconductor company’s stock worth $574,000 after buying an additional 2,095,390 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Texas Instruments by 18.0% during the second quarter. Franklin Resources Inc. now owns 13,183,584 shares of the semiconductor company’s stock worth $2,025,659,000 after buying an additional 2,014,373 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Texas Instruments by 13.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock valued at $2,685,836,000 after purchasing an additional 1,779,273 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Texas Instruments by 125.9% during the 3rd quarter. Barclays PLC now owns 3,093,266 shares of the semiconductor company’s stock valued at $478,775,000 after purchasing an additional 1,723,725 shares in the last quarter. Institutional investors own 83.12% of the company’s stock.

About Texas Instruments

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Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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