Texas Instruments (NASDAQ:TXN – Free Report) had its target price boosted by JPMorgan Chase & Co. from $180.00 to $195.00 in a research report released on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the semiconductor company’s stock.
TXN has been the subject of a number of other reports. Cantor Fitzgerald lifted their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the company a neutral rating in a research report on Monday, April 8th. Barclays dropped their price target on shares of Texas Instruments from $160.00 to $150.00 and set an equal weight rating for the company in a research report on Wednesday, January 24th. Susquehanna lifted their price target on shares of Texas Instruments from $200.00 to $205.00 and gave the company a positive rating in a research report on Wednesday. Morgan Stanley lifted their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a research report on Wednesday, January 24th. Finally, UBS Group upgraded shares of Texas Instruments from a neutral rating to a buy rating and lifted their price target for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and an average price target of $181.06.
Get Our Latest Stock Report on Texas Instruments
Texas Instruments Price Performance
Texas Instruments (NASDAQ:TXN – Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.54%. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the business earned $1.85 earnings per share. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. Sell-side analysts anticipate that Texas Instruments will post 5.16 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is owned by insiders.
Institutional Trading of Texas Instruments
Institutional investors have recently modified their holdings of the stock. AXQ Capital LP increased its holdings in shares of Texas Instruments by 64.3% in the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 1,800 shares during the period. First National Bank of Mount Dora Trust Investment Services increased its holdings in shares of Texas Instruments by 0.4% in the 4th 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 acquiring an additional 155 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of Texas Instruments by 39.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after acquiring an additional 2,397 shares during the period. Salem Investment Counselors Inc. increased its holdings in shares of Texas Instruments by 2.2% in the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after acquiring an additional 177 shares during the period. Finally, Chicago Capital LLC increased its stake in Texas Instruments by 182.7% in the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after buying an additional 8,311 shares during the period. 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.
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