Texas Instruments (NASDAQ:TXN) Price Target Increased to $170.00 by Analysts at Mizuho

Texas Instruments (NASDAQ:TXN) had its target price upped by Mizuho from $164.00 to $170.00 in a report released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the semiconductor company’s stock.

TXN has been the subject of a number of other reports. Susquehanna lowered their target price on Texas Instruments from $205.00 to $200.00 and set a positive rating for the company in a research note on Wednesday, January 24th. Evercore ISI started coverage on Texas Instruments in a research note on Tuesday, April 16th. They issued an outperform rating and a $213.00 target price for the company. Morgan Stanley raised their price target on Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a report on Wednesday, January 24th. Rosenblatt Securities reiterated a buy rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday. Finally, TD Cowen raised their price target on Texas Instruments from $160.00 to $175.00 and gave the company a hold rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Texas Instruments has a consensus rating of Hold and a consensus price target of $181.06.

Texas Instruments Stock Performance

Texas Instruments stock 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. The stock has a fifty day moving average price of $168.66 and a two-hundred day moving average price of $161.99. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $188.12. The firm has a market capitalization of $159.09 billion, a P/E ratio of 27.27, a P/E/G ratio of 3.56 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) 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 return on equity of 35.54% and a net margin of 35.16%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the company posted $1.85 earnings per share. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, analysts anticipate that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insider Transactions at Texas Instruments

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 stock was sold at an average price of $159.85, for a total value 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 legal filing with the SEC, which can be accessed through this link. 0.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Instruments

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Chemistry Wealth Management LLC raised its position in Texas Instruments by 5.2% in the 1st quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock valued at $218,000 after buying an additional 62 shares during the last quarter. Field & Main Bank raised its position in Texas Instruments by 10.4% in the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 65 shares during the last quarter. Guardian Wealth Management Inc. raised its position in Texas Instruments by 0.6% in the 4th quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock valued at $1,873,000 after buying an additional 65 shares during the last quarter. Buckley Wealth Management LLC raised its position in Texas Instruments by 1.1% in the 1st quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock valued at $1,028,000 after buying an additional 65 shares during the last quarter. Finally, Howard Financial Services LTD. raised its position in Texas Instruments by 3.1% in the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after buying an additional 66 shares during the last quarter. 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.