Oppenheimer Reaffirms Market Perform Rating for Texas Instruments (NASDAQ:TXN)

Texas Instruments (NASDAQ:TXN)‘s stock had its “market perform” rating reiterated by equities researchers at Oppenheimer in a research note issued on Wednesday, Benzinga reports.

A number of other equities research analysts also recently commented on TXN. Morgan Stanley increased their price objective on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Cantor Fitzgerald increased their price objective on Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Truist Financial increased their price objective on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Susquehanna reduced their target price on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $178.95.

Texas Instruments Stock Performance

TXN opened at $165.47 on Wednesday. The company has a market capitalization of $150.59 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. Texas Instruments has a 1-year low of $139.48 and a 1-year high of $188.12. The business has a 50 day moving average price of $168.32 and a two-hundred day moving average price of $161.90.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The company’s quarterly revenue was down 12.7% compared to the same quarter last year. Research analysts predict that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

Several hedge funds have recently bought and sold shares of the business. Chemistry Wealth Management LLC increased its position in Texas Instruments by 5.2% during the first quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock worth $218,000 after buying an additional 62 shares during the last quarter. Field & Main Bank increased its position in Texas Instruments by 10.4% during the fourth quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock worth $118,000 after buying an additional 65 shares during the last quarter. Guardian Wealth Management Inc. increased its position in Texas Instruments by 0.6% during the fourth quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock worth $1,873,000 after buying an additional 65 shares during the last quarter. Buckley Wealth Management LLC increased its position in Texas Instruments by 1.1% during the first quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock worth $1,028,000 after buying an additional 65 shares during the last quarter. Finally, Howard Financial Services LTD. increased its position in Texas Instruments by 3.1% during the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock worth $371,000 after buying an additional 66 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.