UBS Group Boosts Texas Instruments (NASDAQ:TXN) Price Target to $190.00

Texas Instruments (NASDAQ:TXNGet Rating) had its price target raised by UBS Group from $165.00 to $190.00 in a research report issued on Wednesday, The Fly reports. UBS Group’s target price would suggest a potential upside of 7.32% from the company’s current price.

TXN has been the topic of a number of other research reports. Mizuho raised their target price on shares of Texas Instruments from $159.00 to $165.00 in a report on Wednesday. Morgan Stanley dropped their price target on shares of Texas Instruments from $160.00 to $152.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 26th. Benchmark raised their price target on shares of Texas Instruments from $189.00 to $203.00 in a research note on Wednesday. Cowen raised their price target on shares of Texas Instruments from $160.00 to $175.00 in a research note on Wednesday. Finally, KeyCorp dropped their price target on shares of Texas Instruments from $220.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $179.63.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $177.04 on Wednesday. The company has a quick ratio of 4.06, a current ratio of 4.92 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $172.92 and its two-hundred day moving average price is $168.62. Texas Instruments has a 52-week low of $144.46 and a 52-week high of $191.34. The stock has a market capitalization of $160.68 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.41 and a beta of 1.02.

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

Insiders Place Their Bets

In other Texas Instruments news, VP Ahmad Bahai sold 1,109 shares of Texas Instruments 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 in the company, valued at approximately $4,915,353.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Janet F. Clark sold 9,990 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the transaction, the director now directly owns 8,942 shares in the company, valued at approximately $1,566,280.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Ahmad Bahai sold 1,109 shares of the business’s stock in a transaction 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 owns 27,306 shares in the company, valued at $4,915,353.06. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors and hedge funds have recently modified their holdings of the stock. Curi Wealth Management LLC grew its holdings in shares of Texas Instruments by 10.0% during the 2nd quarter. Curi Wealth Management LLC now owns 618 shares of the semiconductor company’s stock valued at $95,000 after acquiring an additional 56 shares in the last quarter. Visionary Wealth Advisors grew its holdings in shares of Texas Instruments by 0.6% during the 2nd quarter. Visionary Wealth Advisors now owns 9,191 shares of the semiconductor company’s stock valued at $1,412,000 after acquiring an additional 57 shares in the last quarter. Delta Investment Management LLC grew its holdings in shares of Texas Instruments by 1.5% during the 4th quarter. Delta Investment Management LLC now owns 3,922 shares of the semiconductor company’s stock valued at $648,000 after acquiring an additional 59 shares in the last quarter. Strengthening Families & Communities LLC grew its holdings in shares of Texas Instruments by 3.1% during the 2nd quarter. Strengthening Families & Communities LLC now owns 1,970 shares of the semiconductor company’s stock valued at $359,000 after acquiring an additional 60 shares in the last quarter. Finally, Schubert & Co boosted its holdings in Texas Instruments by 5.5% in the second quarter. Schubert & Co now owns 1,156 shares of the semiconductor company’s stock worth $178,000 after purchasing an additional 60 shares in the last quarter. 83.12% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Company Profile

(Get Rating)

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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