Texas Instruments (NASDAQ:TXN) had its target price upped by research analysts at Stifel Nicolaus from $98.00 to $115.00 in a research note issued to investors on Thursday. The firm presently has a “hold” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 3.49% from the stock’s current price.
Several other equities research analysts also recently commented on the stock. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Morgan Stanley boosted their target price on shares of Texas Instruments from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Robert W. Baird upped their price objective on shares of Texas Instruments from $85.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Deutsche Bank upped their price objective on shares of Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Bank of America upped their price objective on shares of Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Texas Instruments currently has a consensus rating of “Hold” and an average price target of $96.69.
Texas Instruments (NASDAQ TXN) opened at $119.16 on Thursday. Texas Instruments has a fifty-two week low of $73.87 and a fifty-two week high of $119.43. The firm has a market cap of $117,440.00, a PE ratio of 27.14, a PEG ratio of 2.58 and a beta of 1.27. 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 (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. sell-side analysts forecast that Texas Instruments will post 4.36 EPS for the current fiscal year.
Texas Instruments announced that its board has initiated a stock 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 repurchase up to 74% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, VP R Gregory Delagi sold 61,250 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $96.75, for a total value of $5,925,937.50. Following the transaction, the vice president now owns 189,234 shares of the company’s stock, valued at approximately $18,308,389.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Blinn sold 16,990 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the completion of the transaction, the director now directly 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 over the last quarter. Corporate insiders own 0.96% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its holdings in Texas Instruments by 729.1% in the 2nd quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock worth $955,996,000 after acquiring an additional 10,928,410 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in Texas Instruments by 864.6% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,378,461 shares of the semiconductor company’s stock worth $213,205,000 after acquiring an additional 2,131,883 shares during the last quarter. Vanguard Group Inc. grew its holdings in Texas Instruments by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock worth $6,256,728,000 after acquiring an additional 1,683,613 shares during the last quarter. Koch Industries Inc. grew its holdings in Texas Instruments by 36,796.2% in the 2nd quarter. Koch Industries Inc. now owns 1,359,255 shares of the semiconductor company’s stock worth $1,342,000 after acquiring an additional 1,355,571 shares during the last quarter. Finally, Burgundy Asset Management Ltd. bought a new stake in Texas Instruments in the 3rd quarter worth $120,341,000. 83.85% of the stock is currently owned by institutional investors.
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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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