Texas Instruments (NASDAQ:TXN) PT Raised to $205.00 at Susquehanna

Texas Instruments (NASDAQ:TXN) had its price target boosted by research analysts at Susquehanna from $200.00 to $205.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target would suggest a potential upside of 16.98% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Evercore ISI began coverage on shares of Texas Instruments in a report on Tuesday, April 16th. They set an “outperform” rating and a $213.00 target price for the company. Barclays reduced their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. KeyCorp raised their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Cantor Fitzgerald raised their target price on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Trading Up 0.3 %

NASDAQ TXN opened at $175.25 on Wednesday. The company has a fifty day simple moving average of $168.95 and a two-hundred day simple moving average of $162.08. The stock has a market cap of $159.49 billion, a P/E ratio of 27.34, a P/E/G ratio of 3.56 and a beta of 1.04. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63.

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

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The shares were 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 in the company, valued at $1,869,126.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

Several institutional investors have recently modified their holdings of the stock. Annapolis Financial Services LLC lifted its stake in shares of Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares in the last quarter. Briaud Financial Planning Inc purchased a new position in shares of Texas Instruments in the third quarter worth about $25,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Texas Instruments in the fourth quarter worth about $25,000. Life Planning Partners Inc purchased a new position in shares of Texas Instruments in the fourth quarter worth about $26,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of Texas Instruments in the fourth quarter worth 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.