A number of other brokerages also recently commented on TXN. Deutsche Bank lifted their target price on Texas Instruments from $100.00 to $110.00 and gave the company a hold rating in a research note on Wednesday, April 24th. Royal Bank of Canada reiterated a sector perform rating and set a $124.00 price objective on shares of Texas Instruments in a research report on Tuesday, April 30th. Morgan Stanley boosted their price objective on Texas Instruments from $100.00 to $106.00 and gave the stock an equal weight rating in a research report on Wednesday, April 24th. UBS Group reiterated a sell rating and set a $90.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, Sanford C. Bernstein downgraded Texas Instruments from an outperform rating to a market perform rating and set a $108.00 price objective for the company. in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $111.18.
Shares of TXN stock opened at $115.75 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68. The company has a 50 day moving average of $109.77. Texas Instruments has a 52 week low of $87.70 and a 52 week high of $119.32. The firm has a market capitalization of $108.78 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.24 and a beta of 1.25.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.09. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the previous year, the firm posted $1.35 earnings per share. Texas Instruments’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, analysts anticipate that Texas Instruments will post 5.11 earnings per share for the current fiscal year.
In related news, Chairman Richard K. Templeton sold 475,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $117.38, for a total transaction of $55,755,500.00. Following the sale, the chairman now owns 930,287 shares of the company’s stock, valued at $109,197,088.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carrie Smith Cox sold 17,002 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $116.08, for a total value of $1,973,592.16. Following the sale, the director now directly owns 40,299 shares in the company, valued at approximately $4,677,907.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 879,332 shares of company stock worth $103,024,864. 0.89% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in TXN. Advisory Services Network LLC increased its holdings in shares of Texas Instruments by 103.2% in the first quarter. Advisory Services Network LLC now owns 12,294 shares of the semiconductor company’s stock valued at $1,304,000 after buying an additional 6,245 shares in the last quarter. Green Square Capital LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at $1,354,000. Duality Advisers LP increased its holdings in shares of Texas Instruments by 15.0% in the first quarter. Duality Advisers LP now owns 101,550 shares of the semiconductor company’s stock valued at $10,771,000 after buying an additional 13,280 shares in the last quarter. Bahl & Gaynor Inc. increased its holdings in shares of Texas Instruments by 47.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 2,794,033 shares of the semiconductor company’s stock valued at $264,036,000 after buying an additional 904,477 shares in the last quarter. Finally, Commerce Bank raised its stake in Texas Instruments by 38.6% during the 1st quarter. Commerce Bank now owns 468,198 shares of the semiconductor company’s stock valued at $49,662,000 after purchasing an additional 130,310 shares during the period. 85.34% of the stock is currently owned by hedge funds and other institutional investors.
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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