Stifel Nicolaus Increases Texas Instruments (NASDAQ:TXN) Price Target to $172.00

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

Several other research analysts have also recently issued reports on TXN. Rosenblatt Securities reiterated a buy rating and set a $210.00 target price on shares of Texas Instruments in a report on Wednesday. Cantor Fitzgerald increased their target price on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a neutral rating in a report on Monday, April 8th. 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 report on Wednesday, January 24th. UBS Group upgraded shares of Texas Instruments from a neutral rating to a buy rating and increased their target price for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Finally, Susquehanna increased their target price on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a positive rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $181.06.

Texas Instruments Trading Up 5.6 %

TXN stock opened at $174.81 on Wednesday. The company 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. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $188.12. The firm’s 50-day moving average is $168.66 and its 200 day moving average is $161.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results 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 company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.54%. The firm’s revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 EPS. On average, research analysts anticipate that Texas Instruments will post 5.16 EPS for the current year.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly 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 accessible through the SEC website. 0.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Texas Instruments

Institutional investors have recently bought and sold shares of the business. Tennessee Valley Asset Management Partners purchased a new position in Texas Instruments during the 4th quarter worth approximately $25,000. Life Planning Partners Inc purchased a new position in Texas Instruments during the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. purchased a new position in Texas Instruments during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments during the 4th quarter worth approximately $26,000. Finally, Annapolis Financial Services LLC raised its position in 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 buying an additional 120 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Company Profile

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.