UBS started coverage on shares of Texas Instruments (NASDAQ:TXN) in a research report released on Wednesday, www.benzinga.com reports. The brokerage issued a sell rating and a $85.00 price target on the semiconductor company’s stock.
Several other equities analysts have also issued reports on the stock. BidaskClub upgraded shares of Texas Instruments from a buy rating to a strong-buy rating in a 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 company an equal weight rating in a report on Wednesday, December 13th. Royal Bank of Canada restated a buy rating and issued a $112.00 target price on shares of Texas Instruments in a report on Thursday, January 4th. Citigroup restated a buy rating and issued a $135.00 target price (up previously from $110.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Finally, Credit Suisse Group upgraded shares of Texas Instruments to a buy rating and set a $125.00 target price on the stock in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Texas Instruments currently has an average rating of Buy and an average target price of $109.96.
Shares of Texas Instruments stock opened at $99.46 on Wednesday. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35. Texas Instruments has a twelve month low of $75.92 and a twelve month high of $120.75. The firm has a market capitalization of $100,582.44, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 2.13 and a beta of 1.24.
Texas Instruments (NASDAQ:TXN) last released its earnings results 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 business had revenue of $3.75 billion for the quarter, compared to analyst estimates 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 for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. sell-side analysts predict that Texas Instruments will post 4.99 earnings per share for the current fiscal year.
In other news, insider Stephen A. Anderson sold 141,638 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $111.12, for a total transaction of $15,738,814.56. Following the completion of the sale, the insider now directly owns 178,200 shares of the company’s stock, valued at $19,801,584. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kevin J. Ritchie sold 49,955 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $103.00, for a total transaction of $5,145,365.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 757,632 shares of company stock valued at $83,306,399. 0.84% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Taylor Hoffman Wealth Management bought a new stake in Texas Instruments in the 4th quarter worth about $105,000. Risk Paradigm Group LLC bought a new stake in Texas Instruments in the 4th quarter worth about $138,000. Zions Bancorporation grew its position in Texas Instruments by 915.6% in the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 1,410 shares in the last quarter. We Are One Seven LLC bought a new stake in Texas Instruments in the 4th quarter worth about $144,000. Finally, Truewealth LLC bought a new stake in Texas Instruments in the 4th quarter worth about $150,000. 85.16% of the stock is owned by institutional investors and hedge funds.
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About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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