Texas Instruments (TXN) Shares Gap Up on Analyst Upgrade

Texas Instruments (NASDAQ:TXN)’s share price gapped up before the market opened on Thursday after DZ Bank upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $104.54, but opened at $103.00. Texas Instruments shares last traded at $102.70, with a volume of 2692922 shares trading hands.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Texas Instruments from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Tuesday, April 3rd. UBS started coverage on Texas Instruments in a research note on Wednesday, April 4th. They issued a “sell” rating and a $85.00 target price on the stock. Royal Bank of Canada restated a “buy” rating and issued a $112.00 target price on shares of Texas Instruments in a research note on Thursday, January 4th. Citigroup reaffirmed a “buy” rating and set a $135.00 price target (up previously from $110.00) on shares of Texas Instruments in a research report on Wednesday, January 24th. Finally, Credit Suisse Group raised Texas Instruments to a “buy” rating and set a $125.00 price target on the stock in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $110.38.

In related news, Director Mark A. Blinn sold 9,724 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $112.47, for a total transaction of $1,093,658.28. Following the completion of the sale, the director now directly owns 10,178 shares in the company, valued at approximately $1,144,719.66. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Cynthia Hoff Trochu sold 3,574 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $110.65, for a total value of $395,463.10. Following the sale, the senior vice president now owns 68,918 shares of the company’s stock, valued at $7,625,776.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 726,801 shares of company stock valued at $79,899,690. 0.84% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Taylor Hoffman Wealth Management acquired a new position in Texas Instruments in the 4th quarter worth about $105,000. Risk Paradigm Group LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $138,000. We Are One Seven LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $144,000. Truewealth LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $150,000. Finally, Avestar Capital LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $173,000. 85.18% of the stock is owned by institutional investors and hedge funds.

The company has a market cap of $96,824.37, a price-to-earnings ratio of 24.11, a PEG ratio of 2.05 and a beta of 1.24. The company has a quick ratio of 3.00, a current ratio of 3.87 and a debt-to-equity ratio of 0.35.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.10. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Texas Instruments had a return on equity of 43.69% and a net margin of 26.39%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. equities research analysts anticipate that Texas Instruments will post 4.99 earnings per share for the current fiscal year.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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