Texas Instruments (NASDAQ:TXN) Stock Rating Reaffirmed by Cantor Fitzgerald

Texas Instruments (NASDAQ:TXN)‘s stock had its “neutral” rating reaffirmed by investment analysts at Cantor Fitzgerald in a research report issued on Wednesday, Benzinga reports. They presently have a $180.00 price target on the semiconductor company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 2.26% from the company’s previous close.

A number of other research analysts have also issued reports on TXN. Rosenblatt Securities restated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday. TD Cowen boosted their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday. Susquehanna lifted their price target on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday. Barclays lowered their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Finally, KeyCorp boosted their target price on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $181.16.

Texas Instruments Stock Performance

Shares of TXN stock traded up $10.56 during trading hours on Wednesday, hitting $176.03. The stock had a trading volume of 7,166,116 shares, compared to its average volume of 5,575,557. The stock’s 50 day moving average is $168.32 and its 200 day moving average is $161.90. The firm has a market capitalization of $160.20 billion, a PE ratio of 24.95, a PEG ratio of 3.52 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $188.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company earned $1.85 earnings per share. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, research analysts forecast that Texas Instruments will post 5.16 earnings per share for the current fiscal year.

Insider Transactions at Texas Instruments

In other 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 transaction of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Chemistry Wealth Management LLC grew its stake in Texas Instruments by 5.2% in the 1st quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock valued at $218,000 after buying an additional 62 shares in the last quarter. Field & Main Bank grew its position in shares of Texas Instruments by 10.4% during the 4th quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 65 shares in the last quarter. Guardian Wealth Management Inc. grew its position in shares of Texas Instruments by 0.6% during the 4th quarter. Guardian Wealth Management Inc. now owns 10,986 shares of the semiconductor company’s stock valued at $1,873,000 after purchasing an additional 65 shares in the last quarter. Buckley Wealth Management LLC grew its position in shares of Texas Instruments by 1.1% during the 1st quarter. Buckley Wealth Management LLC now owns 5,900 shares of the semiconductor company’s stock valued at $1,028,000 after purchasing an additional 65 shares in the last quarter. Finally, Howard Financial Services LTD. grew its position in shares of Texas Instruments by 3.1% during the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after purchasing an additional 66 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.