Rosenblatt Securities Increases Texas Instruments (NASDAQ:TXN) Price Target to $230.00

Texas Instruments (NASDAQ:TXN) had its target price raised by analysts at Rosenblatt Securities from $220.00 to $230.00 in a report issued on Thursday, Briefing.com reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 24.74% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. KeyCorp increased their target price on Texas Instruments from $235.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, July 6th. Truist Securities increased their target price on Texas Instruments from $184.00 to $200.00 in a report on Wednesday, April 28th. Raymond James increased their target price on Texas Instruments from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday. Citigroup increased their price objective on Texas Instruments from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, July 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Texas Instruments from $170.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, April 28th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. Texas Instruments currently has an average rating of “Hold” and a consensus price target of $198.45.

Shares of TXN traded down $9.86 during midday trading on Thursday, reaching $184.38. The stock had a trading volume of 284,685 shares, compared to its average volume of 3,145,382. The business has a 50-day moving average price of $188.11. Texas Instruments has a 12-month low of $125.43 and a 12-month high of $197.58. The company has a quick ratio of 5.01, a current ratio of 6.12 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $170.28 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 2.70 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. Texas Instruments had a return on equity of 69.92% and a net margin of 40.04%. The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the business earned $1.48 EPS. The company’s revenue for the quarter was up 41.4% compared to the same quarter last year. As a group, equities analysts forecast that Texas Instruments will post 7.44 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Cornerstone Wealth Group LLC raised its holdings in Texas Instruments by 4.1% during the second quarter. Cornerstone Wealth Group LLC now owns 17,778 shares of the semiconductor company’s stock valued at $3,311,000 after acquiring an additional 699 shares during the period. Integrated Investment Consultants LLC raised its holdings in Texas Instruments by 17.6% during the second quarter. Integrated Investment Consultants LLC now owns 1,962 shares of the semiconductor company’s stock valued at $377,000 after acquiring an additional 294 shares during the period. Marathon Asset Management LLP increased its holdings in shares of Texas Instruments by 39.6% in the second quarter. Marathon Asset Management LLP now owns 1,247,250 shares of the semiconductor company’s stock worth $239,842,000 after purchasing an additional 353,774 shares during the last quarter. Transform Wealth LLC increased its holdings in shares of Texas Instruments by 178.0% in the second quarter. Transform Wealth LLC now owns 11,772 shares of the semiconductor company’s stock worth $2,264,000 after purchasing an additional 7,537 shares during the last quarter. Finally, Segment Wealth Management LLC increased its holdings in shares of Texas Instruments by 2.5% in the second quarter. Segment Wealth Management LLC now owns 53,828 shares of the semiconductor company’s stock worth $10,351,000 after purchasing an additional 1,294 shares during the last quarter. 82.83% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Company Profile

Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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