Texas Instruments Incorporated (NASDAQ:TXN) has received an average rating of “Buy” from the thirty analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $114.68.
TXN has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Tuesday, April 3rd. UBS Group initiated coverage on shares of Texas Instruments in a report on Wednesday, April 4th. They issued a “sell” rating and a $85.00 price objective on the stock. ValuEngine cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Longbow Research began coverage on shares of Texas Instruments in a report on Tuesday, March 27th. They set a “neutral” rating on the stock. Finally, Morgan Stanley increased their price target on shares of Texas Instruments from $101.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, April 25th.
In other Texas Instruments news, insider Kevin J. Ritchie sold 52,698 shares of the stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $110.17, for a total value of $5,805,738.66. Following the transaction, the insider now directly owns 172,545 shares in the company, valued at $19,009,282.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Niels Anderskouv sold 20,191 shares of the stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $110.13, for a total transaction of $2,223,634.83. Following the completion of the transaction, the vice president now owns 110,187 shares in the company, valued at $12,134,894.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,484 shares of company stock worth $19,325,083. 0.84% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in Texas Instruments by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 11,948,264 shares of the semiconductor company’s stock worth $1,245,591,000 after acquiring an additional 388,827 shares during the period. Franklin Resources Inc. raised its position in Texas Instruments by 26.5% in the first quarter. Franklin Resources Inc. now owns 11,709,967 shares of the semiconductor company’s stock worth $1,216,549,000 after acquiring an additional 2,450,531 shares during the period. Clearbridge Investments LLC raised its position in Texas Instruments by 2.0% in the fourth quarter. Clearbridge Investments LLC now owns 8,386,333 shares of the semiconductor company’s stock worth $875,869,000 after acquiring an additional 164,069 shares during the period. Wells Fargo & Company MN raised its position in Texas Instruments by 0.9% in the first quarter. Wells Fargo & Company MN now owns 7,618,947 shares of the semiconductor company’s stock worth $791,533,000 after acquiring an additional 66,873 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Texas Instruments by 17.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 6,004,034 shares of the semiconductor company’s stock worth $623,760,000 after acquiring an additional 872,103 shares during the period. Institutional investors and hedge funds own 84.30% of the company’s stock.
Shares of TXN opened at $109.10 on Friday. The stock has a market capitalization of $106.49 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 2.14 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.53 and a current ratio of 4.62. Texas Instruments has a fifty-two week low of $75.92 and a fifty-two week high of $120.75.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, April 24th. The semiconductor company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.10. The business had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Texas Instruments had a net margin of 26.39% and a return on equity of 43.73%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. equities analysts predict that Texas Instruments will post 5.34 earnings per share for the current year.
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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