Texas Instruments (NASDAQ:TXN) PT Raised to $203.00

Texas Instruments (NASDAQ:TXNGet Rating) had its target price increased by investment analysts at Benchmark from $189.00 to $203.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Benchmark’s price objective indicates a potential upside of 14.66% from the company’s previous close.

Other research analysts also recently issued reports about the stock. KeyCorp lowered their price objective on shares of Texas Instruments from $220.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Credit Suisse Group downgraded shares of Texas Instruments from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $185.00 to $205.00 in a research report on Wednesday, November 16th. Barclays lifted their target price on shares of Texas Instruments from $150.00 to $165.00 and gave the company an “equal weight” rating in a research note on Monday. Robert W. Baird lifted their target price on shares of Texas Instruments from $160.00 to $180.00 in a research note on Wednesday. Finally, StockNews.com cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $177.96.

Texas Instruments Stock Performance

Texas Instruments stock opened at $177.04 on Wednesday. The firm’s 50 day simple moving average is $172.92 and its 200-day simple moving average is $168.62. The company has a market cap of $160.68 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.92 and a quick ratio of 4.06. Texas Instruments has a fifty-two week low of $144.46 and a fifty-two week high of $191.34.

Texas Instruments (NASDAQ:TXNGet Rating) last released its earnings results on Tuesday, October 25th. The semiconductor company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.08. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. Texas Instruments had a net margin of 44.21% and a return on equity of 63.68%. As a group, equities research analysts predict that Texas Instruments will post 9.23 EPS for the current year.

Insider Transactions at Texas Instruments

In other news, Director Janet F. Clark sold 9,990 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total value of $1,749,848.40. Following the sale, the director now owns 8,942 shares of the company’s stock, valued at approximately $1,566,280.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Ahmad Bahai sold 1,109 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $180.01, for a total value of $199,631.09. Following the sale, the vice president now owns 27,306 shares of the company’s stock, valued at approximately $4,915,353.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 9,990 shares of the company’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the transaction, the director now owns 8,942 shares in the company, valued at approximately $1,566,280.72. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Scotia Capital Inc. lifted its position in Texas Instruments by 6.0% during the 2nd quarter. Scotia Capital Inc. now owns 43,528 shares of the semiconductor company’s stock valued at $6,688,000 after purchasing an additional 2,483 shares during the period. Bailard Inc. lifted its position in Texas Instruments by 0.7% during the 3rd quarter. Bailard Inc. now owns 78,954 shares of the semiconductor company’s stock valued at $12,220,000 after purchasing an additional 587 shares during the period. Commonwealth Equity Services LLC lifted its position in Texas Instruments by 12.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 207,259 shares of the semiconductor company’s stock valued at $31,845,000 after purchasing an additional 22,796 shares during the period. Capital Investment Advisors LLC lifted its position in Texas Instruments by 11.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 40,402 shares of the semiconductor company’s stock valued at $6,253,000 after purchasing an additional 4,236 shares during the period. Finally, Cetera Advisor Networks LLC lifted its position in Texas Instruments by 13.8% during the 2nd quarter. Cetera Advisor Networks LLC now owns 32,845 shares of the semiconductor company’s stock valued at $5,047,000 after purchasing an additional 3,972 shares during the period. Institutional investors and hedge funds own 83.12% of the company’s stock.

Texas Instruments Company Profile

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

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