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

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

Several other research firms have also weighed in on TXN. Truist Financial boosted their target price on Texas Instruments from $165.00 to $167.00 and gave the stock a hold rating in a report on Wednesday. Benchmark reaffirmed a buy rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. Oppenheimer reaffirmed a market perform rating on shares of Texas Instruments in a research report on Wednesday. Cantor Fitzgerald reaffirmed a neutral rating and issued a $180.00 price target on shares of Texas Instruments in a research report on Wednesday. Finally, TD Cowen lifted their price target on Texas Instruments from $160.00 to $175.00 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 given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Texas Instruments currently has an average rating of Hold and an average target price of $181.06.

Texas Instruments Stock Up 5.6 %

Shares of Texas Instruments stock opened at $174.81 on Wednesday. The firm has a market cap of $159.09 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 3.56 and a beta of 1.04. 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 has a 52-week low of $139.48 and a 52-week high of $188.12. The stock has a 50-day simple moving average of $168.66 and a 200-day simple moving average of $161.99.

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

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was 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 approximately $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.68% of the stock is currently owned by company insiders.

Institutional Trading of Texas Instruments

Institutional investors have recently bought and sold shares of the stock. AXQ Capital LP boosted its stake in Texas Instruments by 64.3% in the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after purchasing an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its stake in Texas Instruments by 0.4% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock worth $7,182,000 after purchasing an additional 155 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Texas Instruments by 39.9% during the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after acquiring an additional 2,397 shares during the period. Salem Investment Counselors Inc. lifted its stake in shares of Texas Instruments by 2.2% during the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after acquiring an additional 177 shares during the period. Finally, Chicago Capital LLC lifted its stake in shares of Texas Instruments by 182.7% during the fourth quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after acquiring an additional 8,311 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.