Texas Instruments Inc. (NASDAQ:TXN) was upgraded by investment analysts at B. Riley from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Several other research firms also recently issued reports on TXN. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $51.00 target price on shares of Texas Instruments in a research report on Thursday, June 2nd. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Texas Instruments in a research report on Tuesday, June 7th. Royal Bank Of Canada cut their price target on Texas Instruments from $68.00 to $66.00 and set an “outperform” rating on the stock in a research report on Friday, July 1st. Zacks Investment Research downgraded Texas Instruments from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Finally, Cowen and Company increased their price target on Texas Instruments from $60.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $68.44.
Texas Instruments (NASDAQ:TXN) opened at 70.18 on Friday. Texas Instruments has a 12 month low of $46.73 and a 12 month high of $72.58. The stock has a 50 day moving average price of $69.41 and a 200 day moving average price of $63.21. The stock has a market capitalization of $70.41 billion, a P/E ratio of 23.65 and a beta of 1.19.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.73 by $0.03. Texas Instruments had a return on equity of 30.14% and a net margin of 23.89%. The firm earned $3.27 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts predict that Texas Instruments will post $3.06 EPS for the current fiscal year.
In other news, insider Bing Xie sold 11,565 shares of Texas Instruments stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $69.12, for a total transaction of $799,372.80. Following the completion of the sale, the insider now directly owns 187,370 shares of the company’s stock, valued at approximately $12,951,014.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian T. Crutcher sold 180,528 shares of Texas Instruments stock in a transaction on Friday, July 29th. The stock was sold at an average price of $70.53, for a total transaction of $12,732,639.84. Following the sale, the insider now directly owns 504,689 shares of the company’s stock, valued at $35,595,715.17. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.
A number of large investors have recently made changes to their positions in TXN. NN Investment Partners Holdings N.V. bought a new stake in shares of Texas Instruments during the first quarter worth $20,852,000. Findlay Park Partners LLP boosted its stake in shares of Texas Instruments by 19.3% in the first quarter. Findlay Park Partners LLP now owns 1,889,157 shares of the company’s stock worth $108,475,000 after buying an additional 305,877 shares during the period. Columbia Partners L L C Investment Management bought a new stake in shares of Texas Instruments during the first quarter worth $1,144,000. Peapack Gladstone Financial Corp boosted its stake in shares of Texas Instruments by 70.8% in the first quarter. Peapack Gladstone Financial Corp now owns 43,448 shares of the company’s stock worth $2,495,000 after buying an additional 18,010 shares during the period. Finally, Sentry Investment Management LLC boosted its stake in shares of Texas Instruments by 1.5% in the first quarter. Sentry Investment Management LLC now owns 79,465 shares of the company’s stock worth $4,563,000 after buying an additional 1,201 shares during the period. 86.89% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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