Texas Instruments’ (TXN) Buy Rating Reaffirmed at Benchmark

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating reissued by investment analysts at Benchmark in a report issued on Wednesday, Benzinga reports. They presently have a $210.00 price target on the semiconductor company’s stock. Benchmark’s price objective points to a potential upside of 19.30% from the company’s previous close.

Several other equities analysts also recently commented on TXN. Cantor Fitzgerald raised their target price on Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Barclays lowered their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Mizuho lifted their target price on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday. Evercore ISI assumed coverage on Texas Instruments in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $213.00 target price for the company. Finally, KeyCorp lifted their target price on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $181.16.

Texas Instruments Stock Up 6.4 %

Shares of NASDAQ TXN traded up $10.56 during mid-day trading on Wednesday, reaching $176.03. 7,166,116 shares of the company traded hands, compared to its average volume of 5,575,557. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The stock has a market cap of $160.20 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The company’s fifty day moving average is $168.32 and its two-hundred day moving average is $161.90. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company’s revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 EPS. On average, analysts expect that Texas Instruments will post 5.16 earnings per share for the current year.

Insider Buying and Selling at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

A number of hedge funds have recently added to or reduced their stakes in the stock. Founders Financial Securities LLC boosted its holdings in shares of Texas Instruments by 4.5% in the 3rd quarter. Founders Financial Securities LLC now owns 3,483 shares of the semiconductor company’s stock valued at $554,000 after purchasing an additional 150 shares in the last quarter. Meridian Wealth Management LLC boosted its holdings in shares of Texas Instruments by 4.5% during the 3rd quarter. Meridian Wealth Management LLC now owns 4,762 shares of the semiconductor company’s stock valued at $757,000 after acquiring an additional 207 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Texas Instruments by 1.1% during the 3rd quarter. Private Trust Co. NA now owns 7,976 shares of the semiconductor company’s stock valued at $1,268,000 after acquiring an additional 87 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Texas Instruments by 38.2% during the 3rd quarter. Boston Trust Walden Corp now owns 54,143 shares of the semiconductor company’s stock valued at $8,609,000 after acquiring an additional 14,965 shares in the last quarter. Finally, Capital Asset Advisory Services LLC boosted its holdings in shares of Texas Instruments by 4.7% during the 3rd quarter. Capital Asset Advisory Services LLC now owns 1,659 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

About Texas Instruments

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.