Texas Instruments (NASDAQ:TXN) Rating Reiterated by Cantor Fitzgerald

Texas Instruments (NASDAQ:TXN)‘s stock had its “neutral” rating reissued by stock analysts at Cantor Fitzgerald in a research report issued on Wednesday, Benzinga reports. They presently have a $180.00 price objective on the semiconductor company’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 2.71% from the stock’s current price. Cantor Fitzgerald also issued estimates for Texas Instruments’ FY2024 earnings at $5.15 EPS.

Several other equities research analysts also recently issued reports on the stock. TD Cowen lifted their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday. Truist Financial lifted their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday. Barclays dropped their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Mizuho lifted their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $210.00 price target on shares of Texas Instruments in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $180.74.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $175.25 on Wednesday. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $159.49 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 3.56 and a beta of 1.04. The firm’s fifty day simple moving average is $168.95 and its 200 day simple moving average is $162.08. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $188.12.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates 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 in the previous year, the business posted $1.85 EPS. As a group, equities research analysts expect that Texas Instruments will post 5.16 earnings per share for the current fiscal year.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of 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 is available through this link. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. KG&L Capital Management LLC boosted its stake in Texas Instruments by 4.2% during the 1st quarter. KG&L Capital Management LLC now owns 2,789 shares of the semiconductor company’s stock valued at $486,000 after purchasing an additional 112 shares during the period. Verdence Capital Advisors LLC boosted its stake in Texas Instruments by 11.0% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,018 shares of the semiconductor company’s stock valued at $1,397,000 after purchasing an additional 794 shares during the period. Petredis Investment Advisors LLC boosted its stake in Texas Instruments by 1.9% during the 1st quarter. Petredis Investment Advisors LLC now owns 12,791 shares of the semiconductor company’s stock valued at $2,228,000 after purchasing an additional 241 shares during the period. Emerald Advisors LLC lifted its stake in shares of Texas Instruments by 9.9% in the 1st quarter. Emerald Advisors LLC now owns 4,272 shares of the semiconductor company’s stock worth $744,000 after acquiring an additional 384 shares during the period. Finally, Caliber Wealth Management LLC lifted its stake in shares of Texas Instruments by 2.5% in the 1st quarter. Caliber Wealth Management LLC now owns 14,126 shares of the semiconductor company’s stock worth $2,461,000 after acquiring an additional 338 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Company Profile

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.