BMO Capital Markets Reaffirms “Outperform” Rating for Texas Instruments (TXN)

Texas Instruments (NASDAQ:TXN)‘s stock had its “outperform” rating restated by equities researchers at BMO Capital Markets in a research report issued on Friday, The Fly reports. They presently have a $138.00 price target on the semiconductor company’s stock, up from their prior price target of $5.08. BMO Capital Markets’ price target would suggest a potential upside of 18.12% from the stock’s previous close.

Several other equities analysts also recently issued reports on TXN. Stifel Nicolaus lifted their price objective on Texas Instruments from $98.00 to $115.00 and gave the company a “hold” rating in a research report on Thursday. Credit Suisse Group reiterated an “in-line” rating and issued a $125.00 price objective (up previously from $110.00) on shares of Texas Instruments in a research report on Tuesday. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Royal Bank of Canada reiterated a “buy” rating and issued a $112.00 price objective on shares of Texas Instruments in a research report on Thursday, January 4th. Finally, BidaskClub upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $98.66.

Texas Instruments (NASDAQ:TXN) traded up $0.42 during trading on Friday, hitting $116.83. The company had a trading volume of 6,360,852 shares, compared to its average volume of 5,170,000. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96. The company has a market cap of $115,560.00, a P/E ratio of 26.61, a PEG ratio of 2.66 and a beta of 1.27. Texas Instruments has a 1-year low of $74.16 and a 1-year high of $119.98.

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

In related news, Director Mark A. Blinn sold 16,990 shares of Texas Instruments stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the completion of the sale, the director now directly owns 18,495 shares of the company’s stock, valued at $1,783,657.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP R Gregory Delagi sold 61,250 shares of Texas Instruments stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $96.75, for a total value of $5,925,937.50. Following the sale, the vice president now directly owns 189,234 shares of the company’s stock, valued at $18,308,389.50. The disclosure for this sale can be found here. Insiders sold a total of 1,362,293 shares of company stock valued at $131,754,396 over the last three months. Insiders own 0.96% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Highland Private Wealth Management grew its stake in shares of Texas Instruments by 0.8% during the second quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock worth $234,000 after purchasing an additional 25 shares during the period. Hudock Capital Group LLC grew its stake in Texas Instruments by 1.3% in the second 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 period. Carret Asset Management LLC grew its stake in Texas Instruments by 0.7% in the second 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 period. C M Bidwell & Associates Ltd. grew its stake in Texas Instruments by 0.9% in the second 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 period. Finally, RNC Capital Management LLC grew its stake in Texas Instruments by 0.7% in the second 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 period. 83.85% of the stock is owned by institutional investors and hedge funds.

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Texas Instruments Company Profile

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.

The Fly

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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