Summit Insights Lowers Texas Instruments (NASDAQ:TXN) to Hold

Texas Instruments (NASDAQ:TXN) was downgraded by analysts at Summit Insights from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Briefing.com reports.

Several other analysts have also commented on TXN. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Texas Instruments from $170.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, April 28th. Jefferies Financial Group raised their price objective on shares of Texas Instruments from $206.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Truist Securities raised their target price on shares of Texas Instruments from $184.00 to $200.00 in a research note on Wednesday, April 28th. Barclays raised their target price on shares of Texas Instruments from $155.00 to $170.00 and gave the company an “underweight” rating in a research note on Wednesday, April 28th. Finally, Oppenheimer raised their price target on shares of Texas Instruments from $185.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, April 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Texas Instruments has a consensus rating of “Hold” and a consensus target price of $195.34.

Shares of NASDAQ:TXN opened at $194.24 on Thursday. The company’s 50-day moving average is $188.11. Texas Instruments has a 12-month low of $125.43 and a 12-month high of $197.58. The company has a market capitalization of $179.39 billion, a PE ratio of 29.43, a P/E/G ratio of 2.69 and a beta of 1.03. The company has a quick ratio of 5.01, a current ratio of 6.12 and a debt-to-equity ratio of 0.61.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, July 21st. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.22. 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 for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period last year, the firm earned $1.48 earnings per share. The company’s revenue for the quarter was up 41.4% compared to the same quarter last year. As a group, research analysts expect that Texas Instruments will post 7.42 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. Atlas Private Wealth Advisors boosted its stake in Texas Instruments by 512.5% during the first quarter. Atlas Private Wealth Advisors now owns 147 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 123 shares during the last quarter. TRU Independence Asset Management 2 LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $30,000. Curi Capital bought a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $30,000. Encompass Wealth Advisors LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $30,000. Finally, Retirement Group LLC bought a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $31,000. 82.83% of the stock is owned by hedge funds and other institutional investors.

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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