Texas Instruments (NASDAQ:TXN) Earns Neutral Rating from Cantor Fitzgerald

Texas Instruments (NASDAQ:TXN)‘s stock had its “neutral” rating restated by equities research analysts at Cantor Fitzgerald in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $210.00 price objective on the semiconductor company’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 5.08% from the company’s previous close.

Several other analysts have also recently commented on TXN. TD Cowen lifted their price target on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Susquehanna lifted their price target on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. lifted their price target on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday. The Goldman Sachs Group lifted their price target on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday. Finally, Stifel Nicolaus lifted their price target on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $198.64.

Texas Instruments Price Performance

TXN stock traded up $1.55 during trading on Wednesday, hitting $199.84. The stock had a trading volume of 4,664,798 shares, compared to its average volume of 5,437,162. The company’s 50 day moving average price is $197.80 and its two-hundred day moving average price is $179.29. Texas Instruments has a 1-year low of $139.48 and a 1-year high of $210.84. The stock has a market cap of $181.95 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 4.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the previous year, the company posted $1.87 EPS. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments will post 5.13 EPS for the current fiscal year.

Insider Activity at Texas Instruments

In other news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at approximately $3,580,061.17. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock valued at $58,427,984 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Instruments

Institutional investors and hedge funds have recently bought and sold shares of the business. Silver Oak Securities Incorporated bought a new stake in Texas Instruments in the fourth quarter valued at about $222,000. First National Advisers LLC increased its holdings in Texas Instruments by 27.6% in the fourth quarter. First National Advisers LLC now owns 9,516 shares of the semiconductor company’s stock valued at $1,623,000 after purchasing an additional 2,059 shares during the last quarter. Nordea Investment Management AB increased its holdings in Texas Instruments by 16.9% in the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after purchasing an additional 145,328 shares during the last quarter. Chicago Capital LLC increased its holdings in Texas Instruments by 182.7% in the fourth quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after purchasing an additional 8,311 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in Texas Instruments by 5,858.6% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 646,869 shares of the semiconductor company’s stock valued at $110,265,000 after purchasing an additional 636,013 shares during the last quarter. Institutional investors and hedge funds 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.