Texas Instruments (NASDAQ:TXN) Price Target Raised to $220.00 at Jefferies Financial Group

Texas Instruments (NASDAQ:TXN) had its target price boosted by analysts at Jefferies Financial Group from $206.00 to $220.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 23.05% from the company’s current price.

A number of other brokerages have also recently commented on TXN. Deutsche Bank Aktiengesellschaft upped their price target on shares of Texas Instruments from $170.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, April 28th. Longbow Research increased their price objective on shares of Texas Instruments from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, April 28th. Raymond James raised shares of Texas Instruments from a “market perform” rating to an “outperform” rating and set a $220.00 price objective on the stock in a research report on Monday, March 1st. Royal Bank of Canada increased their price objective on shares of Texas Instruments from $155.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 27th. Finally, Truist upped their target price on shares of Texas Instruments from $184.00 to $200.00 in a report on Wednesday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $189.23.

Shares of NASDAQ:TXN opened at $178.80 on Tuesday. The company has a fifty day moving average of $186.62 and a 200-day moving average of $169.79. The company has a market capitalization of $165.12 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 3.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.29 and a current ratio of 4.24. Texas Instruments has a 52-week low of $105.45 and a 52-week high of $197.58.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 27th. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.31. Texas Instruments had a net margin of 36.24% and a return on equity of 61.05%. The company had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the business earned $1.14 earnings per share. The company’s revenue for the quarter was up 28.8% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments will post 5.48 EPS for the current fiscal year.

In other Texas Instruments news, SVP Cynthia Hoff Trochu sold 12,890 shares of the firm’s stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $170.92, for a total transaction of $2,203,158.80. Following the transaction, the senior vice president now owns 54,153 shares of the company’s stock, valued at approximately $9,255,830.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark Gary sold 12,715 shares of the firm’s stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $173.76, for a total transaction of $2,209,358.40. Following the completion of the sale, the vice president now owns 29,601 shares in the company, valued at $5,143,469.76. The disclosure for this sale can be found here. Insiders have sold 241,518 shares of company stock valued at $41,675,362 over the last three months. 0.73% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Texas Instruments by 3.1% in the 4th quarter. BlackRock Inc. now owns 70,859,730 shares of the semiconductor company’s stock worth $11,630,207,000 after purchasing an additional 2,129,999 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Texas Instruments by 9.3% in the 4th quarter. Bank of New York Mellon Corp now owns 21,483,055 shares of the semiconductor company’s stock worth $3,526,013,000 after purchasing an additional 1,833,704 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Texas Instruments by 7.0% in the 4th quarter. Janus Henderson Group PLC now owns 13,878,442 shares of the semiconductor company’s stock worth $2,277,864,000 after purchasing an additional 904,230 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Texas Instruments by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,096,822 shares of the semiconductor company’s stock worth $1,821,322,000 after purchasing an additional 313,038 shares in the last quarter. Finally, Norges Bank purchased a new position in Texas Instruments during the 4th quarter worth approximately $1,590,707,000. Institutional investors own 83.12% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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