Texas Instruments (NASDAQ:TXN) Price Target Raised to $167.00

Texas Instruments (NASDAQ:TXN) had its price objective increased by research analysts at Truist Financial from $165.00 to $167.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s price objective points to a potential upside of 0.92% from the stock’s current price.

Other analysts also recently issued reports about the stock. Susquehanna reduced their target price on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Morgan Stanley increased their price objective 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. TD Cowen increased their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday. Evercore ISI assumed coverage on shares of Texas Instruments in a research report on Tuesday, April 16th. They set an “outperform” rating and a $213.00 price objective on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $178.95.

Texas Instruments Stock Up 1.2 %

Shares of NASDAQ TXN opened at $165.47 on Wednesday. The firm has a fifty day simple moving average of $168.32 and a two-hundred day simple moving average of $161.90. The firm has a market capitalization of $150.59 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. 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 has a 12 month low of $139.48 and a 12 month high of $188.12.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The company’s revenue was down 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 EPS. Equities analysts expect 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 the 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 transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors have recently made changes to their positions in TXN. Annapolis Financial Services LLC lifted its stake in shares of Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares during the period. Briaud Financial Planning Inc bought a new stake in Texas Instruments during the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments during the 4th quarter worth approximately $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. Finally, Richardson Financial Services Inc. bought a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. 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.