Texas Instruments (NASDAQ:TXN) Given New $195.00 Price Target at JPMorgan Chase & Co.

Texas Instruments (NASDAQ:TXN) had its target price hoisted by research analysts at JPMorgan Chase & Co. from $180.00 to $195.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 10.91% from the stock’s current price.

TXN has been the topic of a number of other research reports. Morgan Stanley boosted their target price on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Rosenblatt Securities restated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a research note on Wednesday. Barclays cut their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Mizuho increased their target price on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, KeyCorp increased their target price on Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $181.16.

Texas Instruments Trading Up 6.3 %

Shares of Texas Instruments stock traded up $10.35 on Wednesday, reaching $175.82. 7,605,785 shares of the company were exchanged, compared to its average volume of 5,579,345. The stock has a fifty day moving average price of $168.32 and a 200-day moving average price of $161.90. The firm has a market capitalization of $160.01 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. Texas Instruments’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 earnings per share. On average, analysts expect that Texas Instruments will post 5.16 EPS for the current year.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors have recently bought and sold shares of TXN. Childress Capital Advisors LLC grew its stake in shares of Texas Instruments by 7.3% in the 1st quarter. Childress Capital Advisors LLC now owns 2,343 shares of the semiconductor company’s stock worth $408,000 after buying an additional 159 shares in the last quarter. First Pacific Financial raised its holdings in shares of Texas Instruments by 48.3% in the 1st quarter. First Pacific Financial now owns 559 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 182 shares in the last quarter. Busey Bank raised its holdings in shares of Texas Instruments by 2.0% in the 1st quarter. Busey Bank now owns 86,097 shares of the semiconductor company’s stock valued at $14,999,000 after purchasing an additional 1,710 shares in the last quarter. Precedent Wealth Partners LLC grew its position in shares of Texas Instruments by 10.5% in the 1st quarter. Precedent Wealth Partners LLC now owns 4,623 shares of the semiconductor company’s stock worth $805,000 after buying an additional 439 shares during the last quarter. Finally, Addis & Hill Inc purchased a new position in shares of Texas Instruments in the 1st quarter worth approximately $261,000. 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.