Jefferies Group Increases Texas Instruments Inc. (TXN) Price Target to $79.00
Texas Instruments Inc. (NASDAQ:TXN) had its price target lifted by stock analysts at Jefferies Group from $69.00 to $79.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 11.47% from the stock’s previous close.
TXN has been the subject of several other reports. Raymond James Financial Inc. downgraded Texas Instruments from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, April 19th. Zacks Investment Research downgraded Texas Instruments from a “hold” rating to a “sell” rating in a research report on Tuesday, March 29th. Royal Bank Of Canada increased their target price on Texas Instruments from $65.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, April 28th. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of Texas Instruments in a research report on Tuesday, April 19th. Finally, Morgan Stanley reiterated a “hold” rating on shares of Texas Instruments in a research report on Thursday, May 19th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $68.44.
Shares of Texas Instruments (NASDAQ:TXN) traded down 0.13% during trading on Tuesday, hitting $70.87. The company had a trading volume of 3,673,887 shares. The stock has a market capitalization of $71.10 billion, a price-to-earnings ratio of 23.88 and a beta of 1.32. Texas Instruments has a 12-month low of $46.73 and a 12-month high of $72.58. The stock has a 50-day moving average of $69.46 and a 200 day moving average of $63.71.
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Texas Instruments (NASDAQ:TXN) last posted its earnings results on Monday, July 25th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.73 by $0.03. The firm earned $3.27 billion during the quarter, compared to the consensus estimate of $3.20 billion. Texas Instruments had a return on equity of 30.14% and a net margin of 23.89%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. On average, analysts predict that Texas Instruments will post $3.06 EPS for the current fiscal year.
In related news, insider Bing Xie sold 11,565 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $69.12, for a total transaction of $799,372.80. Following the completion of the transaction, the insider now directly owns 187,370 shares in the company, valued at $12,951,014.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Darla H. Whitaker sold 160,403 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $70.98, for a total value of $11,385,404.94. Following the transaction, the vice president now owns 174,917 shares of the company’s stock, valued at $12,415,608.66. The disclosure for this sale can be found here. Corporate insiders own 1.02% of the company’s stock.
A number of institutional investors have recently bought and sold shares of TXN. OLD National Bancorp IN boosted its position in Texas Instruments by 35.9% in the first quarter. OLD National Bancorp IN now owns 29,669 shares of the company’s stock valued at $1,704,000 after buying an additional 7,845 shares during the last quarter. Calvert Investment Management Inc. boosted its position in Texas Instruments by 35.8% in the fourth quarter. Calvert Investment Management Inc. now owns 37,596 shares of the company’s stock worth $2,061,000 after buying an additional 9,919 shares during the last quarter. MUFG Americas Holdings Corp boosted its position in Texas Instruments by 36.1% in the fourth quarter. MUFG Americas Holdings Corp now owns 69,116 shares of the company’s stock worth $3,788,000 after buying an additional 18,333 shares during the last quarter. KCG Holdings Inc. purchased a new position in Texas Instruments during the fourth quarter worth about $6,252,000. Finally, Norges Bank purchased a new position in Texas Instruments during the fourth quarter worth about $486,686,000. Institutional investors and hedge funds own 86.89% of the company’s stock.
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. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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