Texas Instruments (TXN) Price Target Raised to $115.00

Texas Instruments (NASDAQ:TXN) had its price objective hoisted by equities researchers at Stifel Nicolaus from $98.00 to $115.00 in a research note issued to investors on Thursday, Marketbeat reports. The firm currently has a “hold” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 1.57% from the company’s current price.

Other equities analysts have also issued reports about the stock. Jefferies Group reaffirmed a “buy” rating and set a $96.00 target price on shares of Texas Instruments in a report on Monday, September 25th. Drexel Hamilton reaffirmed a “buy” rating and set a $110.00 target price (up from $95.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Oppenheimer reaffirmed a “buy” rating and set a $110.00 target price (up from $92.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Bank of America lifted their target price on shares of Texas Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $105.00 target price on shares of Texas Instruments in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $99.29.

Shares of Texas Instruments (NASDAQ:TXN) traded up $0.42 during midday trading on Thursday, reaching $116.83. 6,253,907 shares of the company’s stock traded hands, compared to its average volume of 5,220,000. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89. Texas Instruments has a twelve month low of $74.16 and a twelve month high of $119.98. The firm has a market cap of $115,140.00, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.66 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, beating the 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 analysts’ expectations of $3.91 billion. During the same period in the previous year, the business posted $0.94 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. sell-side analysts forecast that Texas Instruments will post 4.36 earnings per share for the current fiscal year.

In other news, SVP Bing Xie sold 17,500 shares of the company’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 completion of the sale, the senior vice president now owns 78,102 shares of the company’s stock, valued at $7,539,186.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Brian T. Crutcher sold 68,687 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $96.10, for a total transaction of $6,600,820.70. Following the sale, the chief operating officer now directly owns 346,428 shares of the company’s stock, valued at approximately $33,291,730.80. The disclosure for this sale can be found here. In the last three months, insiders sold 1,362,293 shares of company stock valued at $131,754,396. 0.96% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Mathes Company Inc. grew its holdings in shares of Texas Instruments by 11.5% during the fourth quarter. Mathes Company Inc. now owns 38,115 shares of the semiconductor company’s stock worth $3,981,000 after buying an additional 3,925 shares in the last quarter. Naples Global Advisors LLC boosted its position in shares of Texas Instruments by 55.8% during the 4th quarter. Naples Global Advisors LLC now owns 11,873 shares of the semiconductor company’s stock valued at $1,240,000 after acquiring an additional 4,250 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Texas Instruments by 82.1% during the 4th quarter. State of Alaska Department of Revenue now owns 203,552 shares of the semiconductor company’s stock valued at $21,257,000 after acquiring an additional 91,790 shares during the last quarter. Syntal Capital Partners LLC acquired a new position in shares of Texas Instruments during the 4th quarter valued at about $43,852,000. Finally, Acadian Asset Management LLC boosted its position in shares of Texas Instruments by 308.9% during the 4th quarter. Acadian Asset Management LLC now owns 12,251 shares of the semiconductor company’s stock valued at $1,279,000 after acquiring an additional 9,255 shares during the last quarter. 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.

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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