Texas Instruments (NASDAQ:TXN) had its target price hoisted by Morgan Stanley from $88.00 to $92.00 in a research note issued to investors on Wednesday morning. Morgan Stanley currently has an equal weight rating on the semiconductor company’s stock.

Other equities research analysts have also issued reports about the stock. Jefferies Group reaffirmed a buy rating and set a $96.00 price target on shares of Texas Instruments in a report on Monday, September 25th. BidaskClub lowered shares of Texas Instruments from a strong-buy rating to a buy rating in a report on Wednesday, September 13th. Drexel Hamilton reaffirmed a buy rating and set a $110.00 price target (up from $95.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Oppenheimer reaffirmed a buy rating and set a $110.00 price target (up from $92.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Finally, Bank of America lifted their price target on shares of Texas Instruments from $100.00 to $115.00 and gave the company a buy rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $94.16.

Texas Instruments (NASDAQ:TXN) traded up $0.43 during mid-day trading on Wednesday, reaching $98.86. 5,282,100 shares of the company’s stock traded hands, compared to its average volume of 4,591,226. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28. Texas Instruments has a 52-week low of $72.40 and a 52-week high of $99.79. The company has a market cap of $97,008.73, a price-to-earnings ratio of 24.24, a P/E/G ratio of 2.35 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm earned $0.94 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. equities research analysts forecast that Texas Instruments will post 4.36 EPS for the current fiscal year.

Texas Instruments declared that its Board of Directors has initiated a share buyback program on Thursday, September 21st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 74% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

In related news, Chairman Richard K. Templeton sold 450,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $96.51, for a total transaction of $43,429,500.00. Following the transaction, the chairman now owns 1,137,056 shares in the company, valued at approximately $109,737,274.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 16,990 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the transaction, the director now owns 18,495 shares in the company, valued at approximately $1,783,657.80. The disclosure for this sale can be found here. Insiders sold a total of 1,362,293 shares of company stock worth $131,754,396 in the last 90 days. Corporate insiders own 0.96% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TXN. Janus Henderson Group PLC raised its holdings in Texas Instruments by 729.1% during the second quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock worth $955,996,000 after buying an additional 10,928,410 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in Texas Instruments by 864.6% during the third quarter. Alyeska Investment Group L.P. now owns 2,378,461 shares of the semiconductor company’s stock worth $213,205,000 after buying an additional 2,131,883 shares during the last quarter. Vanguard Group Inc. raised its holdings in Texas Instruments by 2.1% during the second quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock worth $6,256,728,000 after buying an additional 1,683,613 shares during the last quarter. Waddell & Reed Financial Inc. raised its holdings in Texas Instruments by 476.4% during the first quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock worth $160,205,000 after buying an additional 1,643,640 shares during the last quarter. Finally, Koch Industries Inc. raised its holdings in Texas Instruments by 36,796.2% during the second quarter. Koch Industries Inc. now owns 1,359,255 shares of the semiconductor company’s stock worth $1,342,000 after buying an additional 1,355,571 shares during the last quarter. Institutional investors own 83.97% of the company’s stock.

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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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