Texas Instruments Incorporated (NASDAQ:TXN) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Several other brokerages also recently commented on TXN. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $83.00 target price (up previously from $78.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $86.00 target price (up previously from $84.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Cowen and Company reaffirmed a “market perform” rating and issued a $85.00 target price (up previously from $82.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Finally, Barclays PLC upped their target price on shares of Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $86.18.

Texas Instruments (NASDAQ TXN) opened at 86.05 on Wednesday. The firm has a market cap of $85.19 billion, a price-to-earnings ratio of 21.52 and a beta of 1.20. Texas Instruments has a 52-week low of $66.80 and a 52-week high of $87.24. The firm has a 50-day moving average of $82.00 and a 200 day moving average of $80.72.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.07. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the business posted $0.76 earnings per share. Texas Instruments’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Texas Instruments will post $4.13 earnings per share for the current year.

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In other news, Director Carrie Smith Cox sold 14,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the completion of the sale, the director now owns 38,435 shares in the company, valued at approximately $3,161,278.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Brian T. Crutcher sold 50,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the sale, the chief operating officer now owns 201,440 shares of the company’s stock, valued at approximately $16,334,769.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 211,301 shares of company stock valued at $17,259,256. Corporate insiders own 0.96% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Enterprise Financial Services Corp lifted its stake in shares of Texas Instruments by 0.3% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock worth $114,000 after buying an additional 4 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of Texas Instruments by 0.4% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,988 shares of the semiconductor company’s stock worth $160,000 after buying an additional 8 shares during the last quarter. Financial Advisory Service Inc. lifted its stake in shares of Texas Instruments by 0.4% during the 2nd quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock worth $244,000 after buying an additional 12 shares during the last quarter. TNB Financial lifted its stake in shares of Texas Instruments by 0.5% during the 2nd quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock worth $221,000 after buying an additional 14 shares during the last quarter. Finally, Highland Private Wealth Management lifted its stake in shares of Texas Instruments by 0.8% during the 2nd quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock worth $234,000 after buying an additional 25 shares during the last quarter. Institutional investors own 83.68% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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