Texas Instruments (NASDAQ:TXN) PT Raised to $250.00 at KeyCorp

Texas Instruments (NASDAQ:TXN) had its price objective increased by KeyCorp from $200.00 to $250.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s price objective indicates a potential upside of 26.81% from the stock’s previous close.

A number of other equities research analysts have also weighed in on TXN. The Goldman Sachs Group lifted their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Barclays boosted their price target on Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, May 20th. Susquehanna raised their price objective on Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. upped their target price on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company assumed coverage on Texas Instruments in a research note on Thursday, May 16th. They set an “underweight” rating and a $150.00 price target on the stock. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $198.64.

Texas Instruments Trading Down 0.6 %

Shares of NASDAQ TXN opened at $197.15 on Wednesday. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $210.84. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.76 and a current ratio of 4.91. The company has a market cap of $179.50 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 4.30 and a beta of 0.99. The business’s 50 day moving average price is $197.90 and its 200-day moving average price is $179.55.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a return on equity of 31.27% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter last year, the firm posted $1.87 earnings per share. The business’s revenue was down 15.6% compared to the same quarter last year. On average, sell-side analysts expect that Texas Instruments will post 5.13 earnings per share for the current year.

Insider Buying and Selling

In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now owns 403,851 shares in the company, valued at approximately $72,075,287.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now owns 403,851 shares in the company, valued at approximately $72,075,287.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The disclosure for this sale can be found here. Insiders sold 328,969 shares of company stock worth $58,427,984 in the last three months. Corporate insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

Several large investors have recently made changes to their positions in TXN. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments during the fourth quarter valued at $25,000. Life Planning Partners Inc purchased a new position in shares of Texas Instruments during the 4th quarter valued at about $26,000. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments in the fourth quarter worth about $26,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Texas Instruments in the fourth quarter worth about $31,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

About Texas Instruments

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.