Texas Instruments (NASDAQ:TXN)‘s stock had its “in-line” rating reiterated by equities researchers at Credit Suisse Group in a report released on Tuesday. They presently have a $125.00 price objective on the semiconductor company’s stock, up from their prior price objective of $110.00. Credit Suisse Group’s price objective suggests a potential upside of 10.89% from the stock’s current price.
Several other research firms have also commented on TXN. Zacks Investment Research lowered Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada reissued a “buy” rating and issued a $112.00 target price on shares of Texas Instruments in a report on Thursday, January 4th. BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Morgan Stanley increased their target price on Texas Instruments from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Finally, KeyCorp reissued a “hold” rating on shares of Texas Instruments in a report on Friday, November 24th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $96.06.
Shares of Texas Instruments (NASDAQ:TXN) opened at $112.72 on Tuesday. Texas Instruments has a 12-month low of $73.87 and a 12-month high of $113.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89. The firm has a market capitalization of $111,092.38, a price-to-earnings ratio of 26.34, a PEG ratio of 2.57 and a beta of 1.27.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the company earned $0.94 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. research analysts forecast that Texas Instruments will post 4.36 EPS for the current fiscal year.
Texas Instruments declared that its board has initiated a stock repurchase plan on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 74% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In other news, Director Mark A. Blinn sold 16,990 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 18,495 shares in the company, valued at $1,783,657.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Darla H. Whitaker sold 118,799 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $96.24, for a total transaction of $11,433,215.76. Following the sale, the vice president now owns 123,993 shares of the company’s stock, valued at approximately $11,933,086.32. The disclosure for this sale can be found here. Insiders sold 1,362,293 shares of company stock valued at $131,754,396 in the last 90 days. 0.96% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in Texas Instruments by 729.1% in the second quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock valued at $955,996,000 after purchasing an additional 10,928,410 shares during the period. Alyeska Investment Group L.P. lifted its position in Texas Instruments by 864.6% in the third quarter. Alyeska Investment Group L.P. now owns 2,378,461 shares of the semiconductor company’s stock valued at $213,205,000 after purchasing an additional 2,131,883 shares during the period. Vanguard Group Inc. lifted its position in Texas Instruments by 2.1% in the second quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock valued at $6,256,728,000 after purchasing an additional 1,683,613 shares during the period. Koch Industries Inc. lifted its position in Texas Instruments by 36,796.2% in the second quarter. Koch Industries Inc. now owns 1,359,255 shares of the semiconductor company’s stock valued at $1,342,000 after purchasing an additional 1,355,571 shares during the period. Finally, Burgundy Asset Management Ltd. acquired a new stake in Texas Instruments in the third quarter valued at about $120,341,000. Institutional investors and hedge funds own 83.85% 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.
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