Raymond James Financial, Inc. Reiterates “Mkt Perform” Rating for Texas Instruments Incorporated (TXN)

Texas Instruments Incorporated (NASDAQ:TXN)‘s stock had its “mkt perform” rating restated by investment analysts at Raymond James Financial, Inc. in a research note issued to investors on Friday, Marketbeat Ratings reports.

TXN has been the subject of several other research reports. Drexel Hamilton reissued a “buy” rating and issued a $93.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 26th. Instinet reissued a “neutral” rating and issued a $75.00 price objective (up previously from $70.00) on shares of Texas Instruments in a research note on Saturday, April 29th. Macquarie started coverage on shares of Texas Instruments in a research note on Thursday, March 30th. They set a “neutral” rating and a $82.00 price target for the company. Deutsche Bank AG reaffirmed a “hold” rating and set a $75.00 price target (up previously from $73.00) on shares of Texas Instruments in a research note on Saturday, April 29th. Finally, Vetr downgraded shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price target for the company. in a research note on Monday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $82.10.

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

Texas Instruments (TXN) opened at 81.42 on Friday. Texas Instruments has a 52-week low of $58.61 and a 52-week high of $84.65. The company has a market cap of $81.12 billion, a PE ratio of 21.67 and a beta of 1.16. The company has a 50-day moving average of $80.71 and a 200 day moving average of $77.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 25th. The semiconductor company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.06. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.31 billion. Texas Instruments had a net margin of 27.54% and a return on equity of 34.50%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. Equities research analysts predict that Texas Instruments will post $3.93 EPS for the current year.

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In related news, insider Kevin P. March sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $80.74, for a total transaction of $12,111,000.00. Following the completion of the transaction, the insider now owns 448,663 shares of the company’s stock, valued at $36,225,050.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Pamela H. Patsley sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $80.55, for a total transaction of $563,850.00. Following the transaction, the director now directly owns 35,296 shares of the company’s stock, valued at approximately $2,843,092.80. The disclosure for this sale can be found here. In the last three months, insiders sold 323,780 shares of company stock worth $26,093,457. Insiders own 0.96% of the company’s stock.

A number of institutional investors have recently modified their holdings of TXN. American Beacon Advisors Inc. purchased a new position in shares of Texas Instruments during the first quarter valued at approximately $101,000. ClariVest Asset Management LLC boosted its position in shares of Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 100 shares in the last quarter. Balentine LLC boosted its position in shares of Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 80 shares in the last quarter. TCI Wealth Advisors Inc. boosted its position in shares of Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 333 shares in the last quarter. Finally, Perigon Wealth Management LLC purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $111,000. 85.07% of the stock is owned by 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. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TXN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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