TD Cowen Raises Texas Instruments (NASDAQ:TXN) Price Target to $175.00

Texas Instruments (NASDAQ:TXN) had its price target hoisted by TD Cowen from $160.00 to $175.00 in a research report sent to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a hold rating on the semiconductor company’s stock.

Other equities research analysts have also issued reports about the stock. Morgan Stanley increased their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a report on Wednesday, January 24th. UBS Group upgraded Texas Instruments from a neutral rating to a buy rating and increased their target price for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Mizuho lowered their target price on Texas Instruments from $170.00 to $164.00 and set a neutral rating for the company in a research report on Wednesday, January 24th. Evercore ISI initiated coverage on Texas Instruments in a research report on Tuesday, April 16th. They set an outperform rating and a $213.00 target price for the company. Finally, Cantor Fitzgerald increased their target price on Texas Instruments from $170.00 to $180.00 and gave the company a neutral rating in a research report on Monday, April 8th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $181.06.

Texas Instruments Trading Up 5.6 %

Shares of TXN opened at $174.81 on Wednesday. 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 has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a 50 day simple moving average of $168.66 and a two-hundred day simple moving average of $161.99. The firm has a market cap of $159.09 billion, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04.

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

Insider Activity

In other 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 transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

Institutional investors have recently made changes to their positions in the company. AXQ Capital LP increased its stake in shares of Texas Instruments by 64.3% during the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after buying an additional 1,800 shares during the period. First National Bank of Mount Dora Trust Investment Services increased its stake in shares of Texas Instruments by 0.4% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after buying an additional 155 shares during the period. Verdence Capital Advisors LLC grew its stake in Texas Instruments by 39.9% in the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after purchasing an additional 2,397 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in Texas Instruments by 2.2% in the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after purchasing an additional 177 shares during the last quarter. Finally, Chicago Capital LLC grew its stake in Texas Instruments by 182.7% in the fourth quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after purchasing an additional 8,311 shares during the last quarter. Hedge funds and other institutional investors 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.