Texas Instruments (NASDAQ:TXN) Price Target Raised to $175.00

Texas Instruments (NASDAQ:TXNGet Rating) had its target price boosted by research analysts at Cowen from $160.00 to $175.00 in a report released on Wednesday, The Fly reports. Cowen’s target price suggests a potential downside of 1.15% from the stock’s current price.

Other analysts have also issued reports about the company. Benchmark raised their price objective on Texas Instruments from $189.00 to $203.00 in a research note on Wednesday. Mizuho increased their target price on Texas Instruments from $159.00 to $165.00 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on Texas Instruments from $155.00 to $158.00 in a research report on Wednesday, December 14th. Cowen dropped their target price on Texas Instruments from $170.00 to $160.00 in a research report on Wednesday, October 26th. Finally, StockNews.com downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. One equities 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $178.58.

Texas Instruments Stock Performance

TXN opened at $177.04 on Wednesday. The firm has a market cap of $160.68 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. Texas Instruments has a 52-week low of $144.46 and a 52-week high of $191.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.06 and a current ratio of 4.92. The business’s fifty day moving average is $172.92 and its 200-day moving average is $168.62.

Texas Instruments (NASDAQ:TXNGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The semiconductor company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.08. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. Texas Instruments had a return on equity of 63.68% and a net margin of 44.21%. Sell-side analysts expect that Texas Instruments will post 9.23 EPS for the current fiscal year.

Insider Activity at Texas Instruments

In related news, Director Janet F. Clark sold 9,990 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the completion of the sale, the director now directly owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Texas Instruments news, Director Janet F. Clark sold 9,990 shares of Texas Instruments stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total value of $1,749,848.40. Following the sale, the director now owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ahmad Bahai sold 1,109 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $180.01, for a total transaction of $199,631.09. Following the transaction, the vice president now directly owns 27,306 shares of the company’s stock, valued at $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Texas Instruments by 43.1% in 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 in the last quarter. Cottage Street Advisors LLC boosted its stake 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 valued at $574,000 after buying an additional 2,095,390 shares during the period. Franklin Resources Inc. boosted its stake 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 valued at $2,025,659,000 after buying an additional 2,014,373 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Texas Instruments by 13.8% during the first 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 buying an additional 1,779,273 shares during the period. Finally, Barclays PLC boosted its stake in Texas Instruments by 125.9% during the third quarter. Barclays PLC now owns 3,093,266 shares of the semiconductor company’s stock valued at $478,775,000 after buying an additional 1,723,725 shares during the period. Hedge funds and other institutional investors own 83.12% of the company’s stock.

Texas Instruments Company Profile

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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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