Evercore ISI Initiates Coverage on Texas Instruments (NASDAQ:TXN)

Investment analysts at Evercore ISI began coverage on shares of Texas Instruments (NASDAQ:TXN) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $213.00 price target on the semiconductor company’s stock. Evercore ISI’s target price points to a potential upside of 28.55% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. KeyCorp upped their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Morgan Stanley increased their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 target price on shares of Texas Instruments in a research note on Tuesday, January 23rd. Barclays lowered their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Finally, Cantor Fitzgerald raised their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $176.68.

Texas Instruments Stock Down 1.1 %

Shares of Texas Instruments stock opened at $165.70 on Tuesday. The company has a fifty day moving average price of $168.09 and a 200 day moving average price of $161.71. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $188.12. The stock has a market cap of $150.80 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 3.58 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 EPS. Equities research analysts forecast that Texas Instruments will post 5.16 earnings per share for the current fiscal year.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.68% of the stock is currently owned by insiders.

Institutional Trading of Texas Instruments

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXN. Norges Bank bought a new stake in Texas Instruments during the fourth quarter worth $1,649,592,000. Moneta Group Investment Advisors LLC raised its position in shares of Texas Instruments by 60,024.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,363,303 shares of the semiconductor company’s stock valued at $1,381,785,000 after purchasing an additional 8,349,393 shares during the period. Morgan Stanley raised its position in shares of Texas Instruments by 54.4% in the fourth quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock valued at $2,434,572,000 after purchasing an additional 5,191,426 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Texas Instruments by 13.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock valued at $2,685,836,000 after purchasing an additional 1,779,273 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Texas Instruments by 28.2% in the fourth quarter. Legal & General Group Plc now owns 8,044,875 shares of the semiconductor company’s stock valued at $1,371,329,000 after purchasing an additional 1,769,400 shares during the period. 84.99% of the stock is owned by 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.