Texas Instruments Incorporated (NASDAQ:TXN) has received a consensus rating of “Hold” from the twenty-nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $110.36.
Several equities research analysts recently weighed in on TXN shares. Sanford C. Bernstein cut Texas Instruments from an “outperform” rating to a “market perform” rating and set a $108.00 price target on the stock. in a research note on Monday, March 25th. Wells Fargo & Co reduced their price target on Texas Instruments from $63.00 to $58.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 30th. Nomura assumed coverage on Texas Instruments in a research note on Tuesday, May 7th. They issued a “neutral” rating and a $106.00 price target on the stock. ValuEngine raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, Morgan Stanley boosted their target price on Texas Instruments from $100.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th.
In other news, insider Bing Xie sold 20,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $116.75, for a total transaction of $2,335,000.00. Following the transaction, the insider now directly owns 53,934 shares of the company’s stock, valued at $6,296,794.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 475,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $117.38, for a total value of $55,755,500.00. Following the transaction, the chairman now directly owns 930,287 shares in the company, valued at $109,197,088.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 879,332 shares of company stock worth $103,024,864. Corporate insiders own 0.89% of the company’s stock.
Several large investors have recently made changes to their positions in TXN. Cordasco Financial Network bought a new position in Texas Instruments in the first quarter valued at about $27,000. CX Institutional lifted its holdings in Texas Instruments by 95.9% in the first quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 140 shares during the period. Farmers National Bank bought a new position in Texas Instruments in the first quarter valued at about $35,000. Icon Wealth Partners LLC bought a new position in Texas Instruments in the first quarter valued at about $37,000. Finally, Global Wealth Management Investment Advisory Inc. lifted its holdings in Texas Instruments by 919.4% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 331 shares during the period. 85.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TXN traded down $0.39 during mid-day trading on Friday, hitting $112.32. 2,893,976 shares of the company’s stock traded hands, compared to its average volume of 5,350,837. The stock has a market capitalization of $105.00 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. Texas Instruments has a 1 year low of $87.70 and a 1 year high of $119.32. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.09. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Texas Instruments had a return on equity of 55.48% and a net margin of 34.84%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 earnings per share. Research analysts forecast that Texas Instruments will post 5.14 EPS for the current fiscal year.
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.
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