Texas Instruments (NASDAQ:TXN) Coverage Initiated by Analysts at Evercore ISI

Stock analysts at Evercore ISI initiated coverage on shares of Texas Instruments (NASDAQ:TXN) in a research report issued on Tuesday, MarketBeat reports. The brokerage set an “outperform” rating and a $213.00 price target on the semiconductor company’s stock. Evercore ISI’s price target would suggest a potential upside of 28.04% from the stock’s current price.

Several other research firms also recently commented on TXN. Rosenblatt Securities reissued a “buy” rating and set a $190.00 target price on shares of Texas Instruments in a research report on Tuesday, January 23rd. Morgan Stanley increased their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. KeyCorp raised their price target on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Cantor Fitzgerald raised their price target on Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Susquehanna lowered their price target on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $176.68.

Texas Instruments Trading Up 0.0 %

NASDAQ TXN opened at $166.35 on Tuesday. Texas Instruments has a 1-year low of $139.48 and a 1-year high of $188.12. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $151.39 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.58 and a beta of 1.04. The firm’s fifty day simple moving average is $167.76 and its 200-day simple moving average is $161.62.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. Texas Instruments’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments will post 5.16 earnings per share for the current fiscal year.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were 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 owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

A number of institutional investors have recently bought and sold shares of the business. Salem Investment Counselors Inc. boosted its position in shares of Texas Instruments by 16.8% during the first quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 60 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Texas Instruments by 2.8% during the first quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company’s stock worth $416,000 after purchasing an additional 61 shares in the last quarter. Chemistry Wealth Management LLC boosted its position in shares of Texas Instruments by 5.2% during the first quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock worth $218,000 after purchasing an additional 62 shares in the last quarter. Polar Capital Holdings Plc boosted its position in shares of Texas Instruments by 0.6% during the first quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company’s stock worth $1,802,000 after purchasing an additional 63 shares in the last quarter. Finally, Field & Main Bank boosted its position in shares of Texas Instruments by 10.4% during the fourth quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds 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.