DZ Bank Upgrades Texas Instruments (NASDAQ:TXN) to “Hold”

Texas Instruments (NASDAQ:TXN) was upgraded by investment analysts at DZ Bank from a “sell” rating to a “hold” rating in a report released on Wednesday, MarketBeat reports. The brokerage currently has a $300.00 price objective on the semiconductor company’s stock. DZ Bank‘s price objective would suggest a potential downside of 2.88% from the company’s previous close.

Several other brokerages also recently commented on TXN. Freedom Broker raised shares of Texas Instruments from a “hold” rating to a “buy” rating and increased their price objective for the company from $260.00 to $330.00 in a research note on Thursday, October 22nd. KeyCorp lifted their price target on Texas Instruments from $390.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Sanford C. Bernstein upped their price target on shares of Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. Citigroup reissued a “buy” rating on shares of Texas Instruments in a research note on Thursday, October 22nd. Finally, Wells Fargo & Company reduced their target price on Texas Instruments from $310.00 to $300.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $315.37.

Texas Instruments Trading Up 3.6%

NASDAQ TXN opened at $308.91 on Wednesday. The company has a 50 day moving average of $273.30 and a 200-day moving average of $256.99. Texas Instruments has a 1-year low of $152.73 and a 1-year high of $334.03.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.22. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.94 billion. The company’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.48 earnings per share. Sell-side analysts expect that Texas Instruments will post 8.85 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Tsedeniya Abraham sold 7,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the completion of the sale, the vice president directly owned 23,181 shares of the company’s stock, valued at approximately $6,134,388.03. This represents a 23.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. TOWER TRUST & INVESTMENT Co boosted its holdings in shares of Texas Instruments by 5,000.0% in the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 153 shares of the semiconductor company’s stock worth $43,000 after buying an additional 150 shares during the last quarter. Childress Capital Advisors LLC raised its stake in Texas Instruments by 14.7% in the 3rd quarter. Childress Capital Advisors LLC now owns 4,568 shares of the semiconductor company’s stock valued at $1,279,000 after acquiring an additional 586 shares during the period. D.A. Davidson & CO. lifted its holdings in Texas Instruments by 0.5% during the third quarter. D.A. Davidson & CO. now owns 22,224 shares of the semiconductor company’s stock valued at $6,225,000 after purchasing an additional 103 shares during the last quarter. North Dakota State Investment Board increased its stake in shares of Texas Instruments by 3.1% in the third quarter. North Dakota State Investment Board now owns 27,852 shares of the semiconductor company’s stock worth $7,801,000 after purchasing an additional 827 shares in the last quarter. Finally, Vaquero Private Wealth Ltd. raised its position in shares of Texas Instruments by 0.8% in the third quarter. Vaquero Private Wealth Ltd. now owns 17,333 shares of the semiconductor company’s stock valued at $4,855,000 after purchasing an additional 146 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Texas Instruments

Here are the key news stories impacting Texas Instruments this week:

• Positive Sentiment: Earnings beat and solid outlook: Texas Instruments reported third-quarter revenue of $6.055 billion and diluted EPS of $2.62, exceeding estimates of $5.94 billion and $2.40, respectively. Revenue increased 27.7% year over year. Fourth-quarter guidance of $5.80 billion-$6.30 billion in revenue and $2.45-$2.79 in EPS reinforced expectations for continued demand. Earnings Beat Might Change Texas Instruments Stock Narrative
• Positive Sentiment: Data-center demand remains strong: CEO commentary indicated that data-center demand is still growing rather than slowing, supporting optimism for TXN’s analog and embedded-chip businesses. Texas Instruments CEO sees no slowdown in data center demand
• Positive Sentiment: Analyst estimates and technical momentum improved: Earnings-estimate revisions moved higher, while TXN broke above its 20-day moving average and cleared an early technical buy point. These signals may attract momentum-oriented investors. Earnings Estimates Moving Higher for Texas Instruments
• Positive Sentiment: Institutional demand: Texas Instruments reportedly received $84.6 million in net ETF buying on October 23, providing an additional source of market support. Texas Instruments Sees $84.6 Million in Net ETF Buying

Texas Instruments Company Profile

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.

The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.