Texas Instruments (NASDAQ:TXN) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of Texas Instruments (NASDAQ:TXN) in a research report released on Tuesday, Marketbeat Ratings reports. The firm issued an outperform rating and a $213.00 price target on the semiconductor company’s stock.

Several other research analysts have also commented on TXN. Rosenblatt Securities reissued a buy rating and issued a $190.00 price target on shares of Texas Instruments in a research report on Tuesday, January 23rd. TD Cowen boosted their price target on Texas Instruments from $145.00 to $160.00 and gave the stock a market perform rating in a research report on Wednesday, January 24th. Barclays reduced their price target on Texas Instruments from $160.00 to $150.00 and set an equal weight rating for the company in a research report on Wednesday, January 24th. Truist Financial reduced their price target on Texas Instruments from $166.00 to $165.00 and set a hold rating for the company in a research report on Friday, February 9th. Finally, Morgan Stanley boosted their price target on Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a research 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of $176.68.

Texas Instruments Trading Down 1.2 %

TXN opened at $163.67 on Tuesday. The stock’s fifty day moving average is $168.16 and its two-hundred day moving average is $161.72. The company has a market capitalization of $148.95 billion, a P/E ratio of 23.18, a PEG ratio of 3.61 and a beta of 1.04. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. Texas Instruments’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period last year, the business posted $2.13 EPS. Analysts forecast that Texas Instruments will post 5.16 earnings per share for the current year.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

A number of hedge funds have recently modified their holdings of TXN. Fairfield Bush & CO. purchased a new stake in shares of Texas Instruments in the first quarter worth about $56,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Texas Instruments by 32.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock worth $182,908,000 after buying an additional 243,907 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Texas Instruments by 7.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock worth $1,105,000 after buying an additional 413 shares during the last quarter. Wsfs Capital Management LLC purchased a new stake in shares of Texas Instruments in the first quarter worth about $337,000. Finally, Bridgefront Capital LLC purchased a new stake in shares of Texas Instruments in the first quarter worth about $315,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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.