Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating restated by equities research analysts at Drexel Hamilton in a research report issued to clients and investors on Tuesday. They currently have a $130.00 target price on the semiconductor company’s stock, up from their previous target price of $110.00. Drexel Hamilton’s price objective points to a potential upside of 8.43% from the company’s previous close.

A number of other analysts also recently commented on TXN. Jefferies Group reiterated a “buy” rating and issued a $96.00 price objective on shares of Texas Instruments in a research report on Monday, September 25th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $95.00 price objective on shares of Texas Instruments in a research report on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $85.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 4th. SunTrust Banks reiterated a “hold” rating and issued a $86.00 price objective on shares of Texas Instruments in a research report on Thursday, October 12th. Finally, Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Texas Instruments has a consensus rating of “Hold” and an average target price of $102.81.

Shares of Texas Instruments (NASDAQ:TXN) opened at $119.89 on Tuesday. The stock has a market capitalization of $117,715.35, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 2.69 and a beta of 1.27. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. Texas Instruments has a fifty-two week low of $74.52 and a fifty-two week high of $120.75.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.09. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. equities research analysts forecast that Texas Instruments will post 4.36 earnings per share for the current fiscal year.

In other Texas Instruments news, Director Mark A. Blinn sold 16,990 shares of Texas Instruments stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $96.44, for a total value of $1,638,515.60. Following the completion of the transaction, the director now owns 18,495 shares in the company, valued at approximately $1,783,657.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider R Gregory Delagi sold 238,750 shares of Texas Instruments stock in a transaction on Monday, November 6th. The shares were sold at an average price of $97.44, for a total value of $23,263,800.00. Following the completion of the transaction, the insider now owns 189,234 shares of the company’s stock, valued at approximately $18,438,960.96. The disclosure for this sale can be found here. Insiders have sold a total of 1,362,293 shares of company stock valued at $131,754,396 in the last 90 days. 0.96% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Highland Private Wealth Management raised its position in Texas Instruments by 0.8% in the 2nd quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after purchasing an additional 25 shares during the last quarter. Hudock Capital Group LLC increased its stake in shares of Texas Instruments by 1.3% in the 2nd quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock valued at $154,000 after buying an additional 26 shares during the period. Carret Asset Management LLC increased its stake in shares of Texas Instruments by 0.7% in the 2nd quarter. Carret Asset Management LLC now owns 6,043 shares of the semiconductor company’s stock valued at $465,000 after buying an additional 43 shares during the period. C M Bidwell & Associates Ltd. increased its stake in shares of Texas Instruments by 0.9% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 5,041 shares of the semiconductor company’s stock valued at $388,000 after buying an additional 45 shares during the period. Finally, RNC Capital Management LLC increased its stake in shares of Texas Instruments by 0.7% in the 2nd quarter. RNC Capital Management LLC now owns 7,872 shares of the semiconductor company’s stock valued at $606,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 83.89% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Drexel Hamilton Reaffirms “Buy” Rating for Texas Instruments (TXN)” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2018/01/23/drexel-hamilton-reaffirms-buy-rating-for-texas-instruments-txn.html.

About Texas Instruments

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)

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.