Susquehanna Boosts Texas Instruments (NASDAQ:TXN) Price Target to $205.00

Texas Instruments (NASDAQ:TXN) had its target price upped by Susquehanna from $200.00 to $205.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective would suggest a potential upside of 23.89% from the company’s previous close.

A number of other brokerages have also recently weighed in on TXN. Evercore ISI assumed coverage on shares of Texas Instruments in a report on Tuesday, April 16th. They set an “outperform” rating and a $213.00 target price on the stock. TD Cowen increased their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday. Cantor Fitzgerald increased their target price on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Rosenblatt Securities reissued a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a report on Wednesday. Finally, Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average price target of $178.79.

Texas Instruments Trading Up 1.2 %

TXN opened at $165.47 on Wednesday. The stock has a market capitalization of $150.59 billion, a PE ratio of 23.44, a P/E/G ratio of 3.52 and a beta of 1.04. The firm’s fifty day moving average price is $168.32 and its 200 day moving average price is $161.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 earnings per share. As a group, research analysts expect that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

A number of hedge funds have recently bought and sold shares of the company. Busey Bank lifted its stake in Texas Instruments by 2.0% during the first quarter. Busey Bank now owns 86,097 shares of the semiconductor company’s stock valued at $14,999,000 after buying an additional 1,710 shares in the last quarter. Precedent Wealth Partners LLC lifted its stake in Texas Instruments by 10.5% during the first quarter. Precedent Wealth Partners LLC now owns 4,623 shares of the semiconductor company’s stock valued at $805,000 after buying an additional 439 shares in the last quarter. Addis & Hill Inc purchased a new stake in Texas Instruments during the first quarter valued at about $261,000. Milestone Asset Management LLC purchased a new stake in Texas Instruments during the first quarter valued at about $2,136,000. Finally, Global Retirement Partners LLC lifted its stake in Texas Instruments by 3.2% during the first quarter. Global Retirement Partners LLC now owns 13,538 shares of the semiconductor company’s stock valued at $2,359,000 after buying an additional 425 shares in the last quarter. 84.99% of the stock is 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 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.