Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating reissued by stock analysts at Oppenheimer in a report issued on Friday, January 19th. They presently have a $130.00 price objective on the semiconductor company’s stock. Oppenheimer’s target price points to a potential upside of 27.53% from the stock’s previous close.
A number of other research firms have also recently weighed in on TXN. Stifel Nicolaus upped their price target on shares of Texas Instruments from $98.00 to $115.00 and gave the stock a “hold” rating in a research note on Thursday, January 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $138.00 price target (up from $5.08) on shares of Texas Instruments in a research note on Friday, January 19th. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. Credit Suisse Group reissued an “in-line” rating and issued a $125.00 price objective (up from $110.00) on shares of Texas Instruments in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $112.00 price objective on shares of Texas Instruments in a research note on Thursday, January 4th. Fifteen research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Texas Instruments currently has a consensus rating of “Buy” and a consensus target price of $109.65.
Texas Instruments (NASDAQ:TXN) traded up $1.45 during mid-day trading on Friday, reaching $101.94. 6,672,676 shares of the company traded hands, compared to its average volume of 7,510,101. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.00 and a current ratio of 3.87. The stock has a market cap of $99,038.98, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. Texas Instruments has a 1 year low of $74.93 and a 1 year high of $120.75.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.09. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. Texas Instruments’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. research analysts anticipate that Texas Instruments will post 4.97 EPS for the current year.
In other news, VP Haviv Ilan sold 23,831 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $110.36, for a total transaction of $2,629,989.16. Following the completion of the sale, the vice president now owns 131,153 shares of the company’s stock, valued at $14,474,045.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cynthia Hoff Trochu sold 3,574 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $110.65, for a total transaction of $395,463.10. Following the sale, the senior vice president now directly owns 68,918 shares of the company’s stock, valued at approximately $7,625,776.70. The disclosure for this sale can be found here. Insiders sold 707,677 shares of company stock valued at $78,161,034 in the last ninety days. 0.96% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC lifted its stake in Texas Instruments by 18.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 200 shares during the last quarter. Taylor Hoffman Wealth Management bought a new position in Texas Instruments during the fourth quarter worth $105,000. Acrospire Investment Management LLC lifted its stake in Texas Instruments by 55.6% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 500 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Texas Instruments during the second quarter worth $112,000. Finally, Westside Investment Management Inc. lifted its stake in Texas Instruments by 6.9% during the second quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 100 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.
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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.
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