Benchmark Reiterates Buy Rating for Texas Instruments (NASDAQ:TXN)

Benchmark reiterated their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a report issued on Wednesday morning, Benzinga reports. Benchmark currently has a $210.00 target price on the semiconductor company’s stock.

Other research analysts have also issued reports about the company. Truist Financial increased their price objective on Texas Instruments from $165.00 to $167.00 and gave the company a hold rating in a research report on Wednesday. KeyCorp increased their price objective on Texas Instruments from $180.00 to $200.00 and gave the company an overweight rating in a research report on Wednesday, January 24th. Susquehanna increased their price objective on Texas Instruments from $200.00 to $205.00 and gave the company a positive rating in a research report on Wednesday. Oppenheimer reiterated a market perform rating on shares of Texas Instruments in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on Texas Instruments from $180.00 to $195.00 and gave the company an overweight rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Texas Instruments currently has an average rating of Hold and an average target price of $181.06.

Texas Instruments Trading Up 5.6 %

TXN stock opened at $174.81 on Wednesday. The business has a fifty day moving average price of $168.66 and a 200 day moving average price of $161.99. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The stock has a market capitalization of $159.09 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 3.56 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. The business’s revenue was down 16.4% on a year-over-year basis. During the same period last year, the firm posted $1.85 EPS. 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 sale, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is currently owned by company insiders.

Institutional Trading of Texas Instruments

Several hedge funds and other institutional investors have recently modified their holdings of TXN. Annapolis Financial Services LLC raised its stake in shares of Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the period. Briaud Financial Planning Inc acquired a new stake in shares of Texas Instruments in the 3rd quarter valued at about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments in the 4th quarter valued at about $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the 4th quarter valued at about $26,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Institutional investors and hedge funds 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.