Texas Instruments (NASDAQ:TXN – Get Rating) had its price objective hoisted by investment analysts at Morgan Stanley from $152.00 to $166.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an "underweight" rating on the semiconductor company's stock. Morgan Stanley's price target points to a potential downside of 4.65% from the stock's current price.
Other equities research analysts also recently issued reports about the stock. Truist Financial raised their target price on shares of Texas Instruments from $158.00 to $177.00 and gave the company a "hold" rating in a research note on Monday. Mizuho raised their target price on shares of Texas Instruments from $159.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday. UBS Group raised their target price on shares of Texas Instruments from $165.00 to $190.00 and gave the company a "neutral" rating in a research note on Wednesday. The Goldman Sachs Group lowered their target price on shares of Texas Instruments to $153.00 in a research note on Thursday, October 27th. Finally, Susquehanna Bancshares lowered their price objective on shares of Texas Instruments from $215.00 to $195.00 in a research note on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $179.35.
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Texas Instruments Stock Performance
Shares of NASDAQ:TXN opened at $174.10 on Wednesday. The firm has a market cap of $158.01 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 2.40 and a beta of 1.02. The firm's 50 day simple moving average is $172.95 and its 200-day simple moving average is $168.66. Texas Instruments has a one year low of $144.46 and a one year high of $191.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.06 and a current ratio of 4.92.
Texas Instruments (NASDAQ:TXN – Get Rating) last issued its quarterly earnings data on Tuesday, January 24th. The semiconductor company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.17. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.64 billion. Texas Instruments had a net
margin of 43.68% and a return on equity of 61.46%. Texas Instruments's revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $2.27 earnings per share. As a group, equities analysts predict that Texas Instruments will post 7.91 EPS for the current year.
Insider Transactions at Texas Instruments
In related news, Director Janet F. Clark sold 9,990 shares of the business's stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the transaction, the director now directly owns 8,942 shares in the company, valued at $1,566,280.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Janet F. Clark sold 9,990 shares of the business's stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the transaction, the director now directly owns 8,942 shares in the company, valued at $1,566,280.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ahmad Bahai sold 1,109 shares of the business's stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $180.01, for a total transaction of $199,631.09. Following the transaction, the vice president now owns 27,306 shares in the company, valued at $4,915,353.06. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.
Hedge Funds Weigh In On Texas Instruments
Institutional investors and hedge funds have recently bought and sold shares of the company. Enterprise Trust & Investment Co acquired a new position in shares of Texas Instruments in the 2nd quarter worth approximately $25,000. Endurance Wealth Management Inc. acquired a new position in shares of Texas Instruments in the 3rd quarter worth approximately $26,000. SJS Investment Consulting Inc. acquired a new position in shares of Texas Instruments in the 3rd quarter worth approximately $27,000. Core Wealth Advisors Inc. lifted its holdings in shares of Texas Instruments by 993.8% in the 3rd quarter. Core Wealth Advisors Inc. now owns 175 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 159 shares during the last quarter. Finally, My Personal CFO LLC acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $31,000. 83.12% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Company Profile
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Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.
Further Reading
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