Texas Instruments (NASDAQ:TXN) Price Target Raised to $157.00 at The Goldman Sachs Group

Texas Instruments (NASDAQ:TXN) had its price target hoisted by The Goldman Sachs Group from $137.00 to $157.00 in a research report released on Wednesday, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the semiconductor company’s stock.

Other analysts have also recently issued research reports about the stock. Cantor Fitzgerald reissued a neutral rating and set a $180.00 price objective on shares of Texas Instruments in a report on Wednesday. Susquehanna raised their target price on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a positive rating in a research report on Wednesday. KeyCorp raised their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a research report on Wednesday, January 24th. Benchmark restated a buy rating and set a $210.00 target price on shares of Texas Instruments in a research report on Wednesday. Finally, Stifel Nicolaus raised their target price on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a hold rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $181.06.

Texas Instruments Stock Up 5.6 %

TXN stock opened at $174.81 on Wednesday. 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 company’s 50 day moving average is $168.66 and its two-hundred day moving average is $161.99. The stock has a market cap of $159.09 billion, a P/E ratio of 27.27, a PEG ratio of 3.56 and a beta of 1.04.

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

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments 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 transaction, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Instruments

Several institutional investors have recently made changes to their positions in TXN. Annapolis Financial Services LLC boosted its position in shares of Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of Texas Instruments during the 3rd quarter worth $25,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Texas Instruments during the 4th quarter worth $25,000. Life Planning Partners Inc purchased a new stake in shares of Texas Instruments during the 4th quarter worth $26,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of Texas Instruments during the 4th quarter worth $26,000. 84.99% of the stock is currently owned by hedge funds and other 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.