Texas Instruments (TXN) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Texas Instruments (NASDAQ:TXN) from a hold rating to a buy rating in a research note released on Tuesday. Zacks Investment Research currently has $113.00 price objective on the semiconductor company’s stock.

According to Zacks, “Texas Instruments continues to prudently invest its R&D dollars in several high margin, high-growth areas of the analog and embedded processing markets. This is gradually increasing its exposure to industrial and automotive markets and dollar content at customers, while reducing exposure to volatile consumer/computing markets. Margins continue to expand on secular strength in the auto and industrial markets and manufacturing efficiencies that include growing 300-millimeter Analog output. Continous dividend hike is a big positive. However, increasing competition, unfavorable currency effect and a high debt load remain concerns. The company has underperformed the industry it belongs in the past 12 months.”

TXN has been the subject of several other reports. SunTrust Banks raised their price objective on Texas Instruments from $96.00 to $117.00 and gave the company a hold rating in a research note on Wednesday, January 24th. JPMorgan Chase raised their price objective on Texas Instruments from $110.00 to $122.00 and gave the company an overweight rating in a research note on Wednesday, January 24th. Wells Fargo reaffirmed a market perform rating and issued a $110.00 price objective (up from $90.00) on shares of Texas Instruments in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Drexel Hamilton reaffirmed a buy rating and issued a $130.00 price objective (up from $110.00) on shares of Texas Instruments in a research note on Tuesday, January 23rd. Finally, Morgan Stanley raised their price objective on Texas Instruments from $88.00 to $92.00 and gave the company an equal weight rating in a research note on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $109.96.

NASDAQ TXN opened at $102.24 on Tuesday. The company has a market cap of $102,520.50, a price-to-earnings ratio of 24.41, a PEG ratio of 2.17 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.87 and a quick ratio of 3.00. Texas Instruments has a 1-year low of $75.92 and a 1-year high of $120.75.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, meeting the consensus estimate of $1.09. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. research analysts forecast that Texas Instruments will post 4.99 EPS for the current fiscal year.

In other Texas Instruments news, insider Kevin J. Ritchie sold 49,955 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $103.00, for a total transaction of $5,145,365.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Haviv Ilan sold 23,831 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $110.36, for a total value of $2,629,989.16. Following the transaction, the vice president now owns 131,153 shares in the company, valued at $14,474,045.08. The disclosure for this sale can be found here. Insiders have sold a total of 757,632 shares of company stock worth $83,306,399 over the last 90 days. 0.84% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TXN. Carroll Financial Associates Inc. increased its holdings in shares of Texas Instruments by 22.1% in the 4th quarter. Carroll Financial Associates Inc. now owns 2,515 shares of the semiconductor company’s stock valued at $262,000 after acquiring an additional 455 shares during the period. Charter Trust Co. increased its holdings in shares of Texas Instruments by 1.2% in the 4th quarter. Charter Trust Co. now owns 39,470 shares of the semiconductor company’s stock valued at $4,122,000 after acquiring an additional 479 shares during the period. Patriot Wealth Management Inc. increased its holdings in shares of Texas Instruments by 1.7% in the 4th quarter. Patriot Wealth Management Inc. now owns 29,234 shares of the semiconductor company’s stock valued at $3,053,000 after acquiring an additional 497 shares during the period. Corient Capital Partners LLC increased its holdings in shares of Texas Instruments by 7.3% in the 4th quarter. Corient Capital Partners LLC now owns 7,403 shares of the semiconductor company’s stock valued at $773,000 after acquiring an additional 504 shares during the period. Finally, FTB Advisors Inc. increased its holdings in shares of Texas Instruments by 5.1% in the 4th quarter. FTB Advisors Inc. now owns 10,644 shares of the semiconductor company’s stock valued at $1,115,000 after acquiring an additional 515 shares during the period. Institutional investors own 85.16% of the company’s stock.

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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.

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