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

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

Other analysts have also issued reports about the stock. KeyCorp boosted their price target on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a research note on Wednesday, January 24th. TD Cowen upped their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a hold rating in a research note on Wednesday. Evercore ISI initiated coverage on shares of Texas Instruments in a research note on Tuesday, April 16th. They set an outperform rating and a $213.00 target price on the stock. Morgan Stanley upped their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a research note on Wednesday, January 24th. Finally, UBS Group upgraded shares of Texas Instruments from a neutral rating to a buy rating and upped their target price for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Three equities 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 company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $181.06.

Texas Instruments Stock Up 5.6 %

Shares of TXN opened at $174.81 on Wednesday. The firm has a market cap of $159.09 billion, a P/E ratio of 27.27, a price-to-earnings-growth 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 company’s 50-day moving average price is $168.66 and its 200 day moving average price is $161.99. 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 (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company 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 business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 earnings per share. On average, sell-side analysts forecast that Texas Instruments will post 5.16 earnings per share for the current year.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Several large investors have recently modified their holdings of TXN. Annapolis Financial Services LLC raised its stake in shares of Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of Texas Instruments during the third quarter worth approximately $25,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Texas Instruments during the fourth quarter worth approximately $25,000. Life Planning Partners Inc purchased a new stake in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Hedge funds and other 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.