Texas Instruments (NASDAQ:TXN) has earned a consensus rating of “Buy” from the thirty-three brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, fourteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $109.96.
TXN has been the subject of a number of analyst reports. Citigroup reaffirmed a “buy” rating and set a $135.00 price objective (up from $110.00) on shares of Texas Instruments in a research note on Wednesday, January 24th. Mizuho reaffirmed a “buy” rating and set a $107.00 price objective (up from $96.00) on shares of Texas Instruments in a research note on Tuesday, January 23rd. Drexel Hamilton reaffirmed a “buy” rating and set a $130.00 price objective (up from $110.00) on shares of Texas Instruments in a research note on Tuesday, January 23rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $112.00 price objective on shares of Texas Instruments in a research note on Thursday, January 4th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $130.00 price objective on shares of Texas Instruments in a research note on Friday, January 19th.
TXN stock traded down $0.87 during mid-day trading on Friday, reaching $104.52. 918,175 shares of the stock traded hands, compared to its average volume of 6,096,869. 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 52-week low of $75.92 and a 52-week high of $120.75. The firm has a market capitalization of $101,822.01, a PE ratio of 24.62, a P/E/G ratio of 2.16 and a beta of 1.24.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, meeting analysts’ consensus estimates of $1.09. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. equities research analysts anticipate that Texas Instruments will post 4.99 earnings per share for the current year.
In related news, Director Mark A. Blinn sold 9,724 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $112.47, for a total value of $1,093,658.28. Following the transaction, the director now owns 10,178 shares in the company, valued at $1,144,719.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Haviv Ilan sold 23,831 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $110.36, for a total value of $2,629,989.16. Following the completion of the transaction, the vice president now owns 131,153 shares in the company, valued at approximately $14,474,045.08. The disclosure for this sale can be found here. Insiders sold 757,632 shares of company stock worth $83,306,399 in the last 90 days. 0.84% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in TXN. Steward Partners Investment Advisory LLC acquired a new position in Texas Instruments in the third quarter worth approximately $837,000. Atlantic Trust Group LLC boosted its position in Texas Instruments by 284.1% during the third quarter. Atlantic Trust Group LLC now owns 402,585 shares of the semiconductor company’s stock worth $36,087,000 after purchasing an additional 297,768 shares during the period. Abner Herrman & Brock LLC boosted its position in Texas Instruments by 143.9% during the fourth quarter. Abner Herrman & Brock LLC now owns 78,437 shares of the semiconductor company’s stock worth $8,192,000 after purchasing an additional 46,277 shares during the period. Atalanta Sosnoff Capital LLC bought a new stake in Texas Instruments during the fourth quarter worth approximately $217,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in Texas Instruments during the fourth quarter worth approximately $621,000. Hedge funds and other institutional investors own 85.15% of the company’s stock.
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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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