Texas Instruments (TXN) Receives $109.96 Average Price Target from Brokerages

Texas Instruments (NASDAQ:TXN) has been given an average rating of “Buy” by the thirty-three brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation, fourteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $109.96.

A number of research firms have recently commented on TXN. UBS began coverage on shares of Texas Instruments in a research report on Wednesday, April 4th. They set a “sell” rating and a $85.00 target price on the stock. SunTrust Banks boosted their target price on shares of Texas Instruments from $96.00 to $117.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Tuesday, April 3rd. JPMorgan Chase boosted their target price on shares of Texas Instruments from $110.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo reissued a “market perform” rating and set a $110.00 target price (up from $90.00) on shares of Texas Instruments in a research report on Wednesday, January 24th. They noted that the move was a valuation call.

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TXN stock traded down $0.87 during midday trading on Friday, reaching $104.52. 918,175 shares of the company’s stock traded hands, compared to its average volume of 6,096,869. The stock has a market cap of $101,822.01, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 2.16 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 has a fifty-two week low of $75.92 and a fifty-two week high of $120.75.

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

In other Texas Instruments news, insider Stephen A. Anderson sold 141,638 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $111.12, for a total transaction of $15,738,814.56. Following the completion of the sale, the insider now owns 178,200 shares in the company, valued at $19,801,584. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Bing Xie sold 15,877 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $109.21, for a total transaction of $1,733,927.17. Following the sale, the insider now owns 63,048 shares of the company’s stock, valued at approximately $6,885,472.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 757,632 shares of company stock valued at $83,306,399. Insiders own 0.84% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Carroll Financial Associates Inc. increased its stake in Texas Instruments by 22.1% during the fourth quarter. Carroll Financial Associates Inc. now owns 2,515 shares of the semiconductor company’s stock valued at $262,000 after purchasing an additional 455 shares during the last quarter. Charter Trust Co. increased its stake in Texas Instruments by 1.2% during the fourth quarter. Charter Trust Co. now owns 39,470 shares of the semiconductor company’s stock valued at $4,122,000 after purchasing an additional 479 shares during the last quarter. Patriot Wealth Management Inc. increased its stake in Texas Instruments by 1.7% during the fourth quarter. Patriot Wealth Management Inc. now owns 29,234 shares of the semiconductor company’s stock valued at $3,053,000 after purchasing an additional 497 shares during the last quarter. Corient Capital Partners LLC increased its stake in Texas Instruments by 7.3% during the fourth quarter. Corient Capital Partners LLC now owns 7,403 shares of the semiconductor company’s stock valued at $773,000 after purchasing an additional 504 shares during the last quarter. Finally, FTB Advisors Inc. increased its stake in Texas Instruments by 5.1% during the fourth quarter. FTB Advisors Inc. now owns 10,644 shares of the semiconductor company’s stock valued at $1,115,000 after purchasing an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 85.15% of the company’s stock.

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About Texas Instruments

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.

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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