Texas Instruments (NASDAQ:TXN) Price Target Raised to $167.00 at Truist Financial

Texas Instruments (NASDAQ:TXN) had its price objective hoisted by Truist Financial from $165.00 to $167.00 in a report published on Wednesday, Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

TXN has been the topic of several other research reports. Morgan Stanley lifted their price objective 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. Barclays lowered their price objective 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. Evercore ISI assumed coverage on shares of Texas Instruments in a research report on Tuesday, April 16th. They issued an outperform rating and a $213.00 price target on the stock. Rosenblatt Securities reissued a buy rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. Finally, TD Cowen boosted their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the company a hold rating in a research report on Wednesday. Three 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 stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $181.06.

Texas Instruments Stock Up 5.6 %

Texas Instruments stock opened at $174.81 on Wednesday. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The stock has a market cap of $159.09 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. The firm’s 50-day simple moving average is $168.66 and its 200 day simple moving average is $161.99. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55.

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

Insider Buying and Selling

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 owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Texas Instruments

Large investors have recently added to or reduced their stakes in the company. Chemistry Wealth Management LLC boosted its stake in shares of Texas Instruments by 5.2% during the 1st quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock valued at $218,000 after purchasing an additional 62 shares in the last quarter. Field & Main Bank boosted its stake in shares of Texas Instruments by 10.4% during the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 65 shares in the last quarter. Guardian Wealth Management Inc. boosted its stake in shares of Texas Instruments by 0.6% during the 4th quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock valued at $1,873,000 after purchasing an additional 65 shares in the last quarter. Buckley Wealth Management LLC boosted its stake in shares of Texas Instruments by 1.1% during the 1st quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock valued at $1,028,000 after purchasing an additional 65 shares in the last quarter. Finally, Howard Financial Services LTD. boosted its stake in shares of Texas Instruments by 3.1% during the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after purchasing an additional 66 shares in 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.