Texas Instruments (NASDAQ:TXN) had its price objective lifted by analysts at Nomura from $90.00 to $110.00 in a report issued on Wednesday. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. Nomura’s price target suggests a potential upside of 0.27% from the stock’s current price.
Several other research firms also recently commented on TXN. SunTrust Banks reaffirmed a “hold” rating and set a $96.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $98.00 price objective (up from $85.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. B. Riley reaffirmed a “hold” rating and set a $97.00 price objective (up from $89.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Zacks Investment Research raised Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 price objective for the company in a research note on Friday, October 20th. Finally, JPMorgan Chase & Co. upped their price objective on Texas Instruments from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $107.68.
Shares of Texas Instruments (NASDAQ TXN) traded down $10.19 during midday trading on Wednesday, hitting $109.70. The company had a trading volume of 19,237,015 shares, compared to its average volume of 5,410,000. The firm has a market cap of $108,120.00, a PE ratio of 24.99, a PEG ratio of 2.69 and a beta of 1.27. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28. Texas Instruments has a 1 year low of $74.52 and a 1 year high of $120.75.
In other Texas Instruments news, insider R Gregory Delagi sold 238,750 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the sale, the insider now owns 189,234 shares in the company, valued at approximately $18,438,960.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Blinn sold 16,990 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.44, for a total value of $1,638,515.60. Following the sale, the director now owns 18,495 shares in the company, valued at approximately $1,783,657.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,362,293 shares of company stock worth $131,754,396. 0.96% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in TXN. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Texas Instruments by 18.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 200 shares during the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Texas Instruments by 55.6% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 500 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Texas Instruments during the second quarter worth $112,000. Westside Investment Management Inc. boosted its holdings in shares of Texas Instruments by 6.9% during the second quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 100 shares during the last quarter. Finally, Zions Bancorporation boosted its holdings in shares of Texas Instruments by 915.6% during the third quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 1,410 shares during the last quarter. Hedge funds and other institutional investors own 83.89% 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.
