Texas Instruments (NASDAQ:TXN) Given New $172.00 Price Target at Stifel Nicolaus

Texas Instruments (NASDAQ:TXN) had its price objective upped by Stifel Nicolaus from $160.00 to $172.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the semiconductor company’s stock.

TXN has been the topic of several other research reports. Evercore ISI initiated coverage on shares of Texas Instruments in a research report on Tuesday, April 16th. They set an outperform rating and a $213.00 price objective on the stock. Oppenheimer reiterated a market perform rating on shares of Texas Instruments in a research report on Wednesday. Cantor Fitzgerald lifted their target price 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. Barclays decreased 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 report on Wednesday, January 24th. Finally, Truist Financial lifted their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a hold rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $181.06.

Texas Instruments Stock Performance

NASDAQ TXN opened at $174.81 on Wednesday. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The stock has a market capitalization of $159.09 billion, a PE ratio of 27.27, a P/E/G ratio of 3.56 and a beta of 1.04. The company’s 50 day simple moving average is $168.66 and its two-hundred day simple moving average is $161.99.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.54%. The business’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the company posted $1.85 EPS. Analysts predict that Texas Instruments will post 5.16 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

A number of large investors have recently modified their holdings of the stock. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments during the fourth quarter worth about $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments during the fourth quarter worth about $26,000. Richardson Financial Services Inc. bought a new stake in Texas Instruments during the fourth quarter worth about $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments in the fourth quarter worth about $26,000. Finally, Annapolis Financial Services LLC raised its holdings in Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

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.