Texas Instruments (NASDAQ:TXN) Price Target Raised to $225.00 at Evercore ISI

Texas Instruments (NASDAQ:TXN) had its price target upped by Evercore ISI from $213.00 to $225.00 in a research note published on Wednesday, Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

A number of other research analysts have also recently commented on TXN. Oppenheimer reissued a market perform rating on shares of Texas Instruments in a research report on Wednesday. UBS Group raised shares of Texas Instruments from a neutral rating to a buy rating and boosted their target price for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. The Goldman Sachs Group boosted their target price on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a sell rating in a research report on Wednesday. Barclays reduced 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, JPMorgan Chase & Co. upped their price target on shares of Texas Instruments from $180.00 to $195.00 and gave the company an overweight rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $181.06.

Texas Instruments Price Performance

TXN opened at $174.81 on Wednesday. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $188.12. The company has a 50 day moving average of $168.66 and a two-hundred day moving average of $161.99. The company has a market cap of $159.09 billion, a P/E ratio of 27.27, a P/E/G 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 (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the firm earned $1.85 earnings per share. Texas Instruments’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, analysts expect that Texas Instruments will post 5.16 earnings per share for the current year.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction on 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 directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by corporate insiders.

Institutional Trading of Texas Instruments

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after purchasing an additional 458,853 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Texas Instruments by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after acquiring an additional 1,154,513 shares during the last quarter. Morgan Stanley grew its position in shares of Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after acquiring an additional 1,755,582 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Texas Instruments by 10.1% during the fourth quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after acquiring an additional 1,095,303 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Texas Instruments by 2.9% during the third quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after acquiring an additional 315,302 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

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.