Texas Instruments (NASDAQ:TXN)‘s stock had its “in-line” rating restated by investment analysts at Credit Suisse Group in a research note issued on Tuesday, The Fly reports. They currently have a $125.00 price target on the semiconductor company’s stock, up from their previous price target of $110.00. Credit Suisse Group’s price objective points to a potential upside of 10.89% from the stock’s previous close.

A number of other equities analysts also recently weighed in on TXN. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 20th. Jefferies Group reiterated a “buy” rating and set a $96.00 price target on shares of Texas Instruments in a report on Monday, September 25th. Sanford C. Bernstein reiterated an “outperform” rating and set a $95.00 price target on shares of Texas Instruments in a report on Tuesday, September 26th. Stifel Nicolaus reiterated a “hold” rating and set a $85.00 price target on shares of Texas Instruments in a report on Wednesday, October 4th. Finally, SunTrust Banks reiterated a “hold” rating and set a $86.00 price target on shares of Texas Instruments in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $96.06.

Texas Instruments (NASDAQ:TXN) opened at $112.72 on Tuesday. Texas Instruments has a one year low of $73.87 and a one year high of $113.00. The stock has a market cap of $111,092.38, a PE ratio of 26.34, a P/E/G ratio of 2.57 and a beta of 1.27. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the firm earned $0.94 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. analysts anticipate that Texas Instruments will post 4.36 EPS for the current year.

Texas Instruments declared that its Board of Directors has authorized a stock buyback program on Thursday, September 21st that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 74% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

In other news, SVP Bing Xie sold 17,500 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $96.53, for a total transaction of $1,689,275.00. Following the sale, the senior vice president now directly owns 78,102 shares in the company, valued at approximately $7,539,186.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 16,990 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the sale, the director now owns 18,495 shares in the company, valued at $1,783,657.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,362,293 shares of company stock worth $131,754,396 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Highland Private Wealth Management increased its holdings in Texas Instruments by 0.8% in the 2nd quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after acquiring an additional 25 shares during the last quarter. Hudock Capital Group LLC increased its holdings in Texas Instruments by 1.3% in the 2nd quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock valued at $154,000 after acquiring an additional 26 shares during the last quarter. Carret Asset Management LLC increased its holdings in Texas Instruments by 0.7% in the 2nd quarter. Carret Asset Management LLC now owns 6,043 shares of the semiconductor company’s stock valued at $465,000 after acquiring an additional 43 shares during the last quarter. C M Bidwell & Associates Ltd. increased its holdings in Texas Instruments by 0.9% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 5,041 shares of the semiconductor company’s stock valued at $388,000 after acquiring an additional 45 shares during the last quarter. Finally, RNC Capital Management LLC increased its holdings in Texas Instruments by 0.7% in the 2nd quarter. RNC Capital Management LLC now owns 7,872 shares of the semiconductor company’s stock valued at $606,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 83.85% of the company’s stock.

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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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Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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