Texas Instruments (NASDAQ:TXN) had its target price lifted by equities researchers at Morgan Stanley from $92.00 to $101.00 in a research note issued on Wednesday. The brokerage currently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s target price would suggest a potential downside of 11.16% from the company’s current price.
A number of other equities research analysts also recently issued reports on TXN. Mizuho restated a “buy” rating and set a $107.00 price objective (up from $96.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. Sanford C. Bernstein set a $125.00 price objective on Texas Instruments and gave the company a “buy” rating in a research report on Wednesday. B. Riley restated a “neutral” rating and set a $110.00 price objective (up from $97.00) on shares of Texas Instruments in a research report on Wednesday. Wells Fargo & Co restated a “market perform” rating and set a $110.00 price objective (up from $90.00) on shares of Texas Instruments in a research report on Wednesday. They noted that the move was a valuation call. Finally, Oppenheimer restated a “buy” rating and set a $130.00 price objective on shares of Texas Instruments in a research report on Friday, January 19th. Sixteen equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $109.65.
Shares of Texas Instruments (NASDAQ:TXN) traded up $3.54 during mid-day trading on Wednesday, reaching $113.69. The company’s stock had a trading volume of 7,552,430 shares, compared to its average volume of 5,970,000. Texas Instruments has a fifty-two week low of $74.52 and a fifty-two week high of $120.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.96 and a current ratio of 3.87. The stock has a market capitalization of $115,650.00, a P/E ratio of 31.58, a PEG ratio of 2.31 and a beta of 1.27.
In other Texas Instruments news, VP Kevin J. Ritchie sold 49,954 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $96.67, for a total transaction of $4,829,053.18. Following the transaction, the vice president now directly owns 196,884 shares in the company, valued at approximately $19,032,776.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cynthia Hoff Trochu sold 31,112 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $96.27, for a total value of $2,995,152.24. Following the transaction, the senior vice president now owns 74,029 shares in the company, valued at $7,126,771.83. The disclosure for this sale can be found here. Insiders have sold a total of 870,724 shares of company stock worth $84,271,187 over the last 90 days. 0.96% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. TLP Group LLC bought a new stake in Texas Instruments during the 2nd quarter valued at $246,000. Robeco Institutional Asset Management B.V. boosted its position in Texas Instruments by 30.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,819,706 shares of the semiconductor company’s stock valued at $139,984,000 after acquiring an additional 425,308 shares in the last quarter. Airain ltd bought a new stake in Texas Instruments during the 2nd quarter valued at $15,575,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in Texas Instruments by 0.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,061,814 shares of the semiconductor company’s stock valued at $158,615,000 after acquiring an additional 11,708 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Texas Instruments by 18.5% during the 2nd quarter. Pacer Advisors Inc. now owns 34,325 shares of the semiconductor company’s stock valued at $2,641,000 after acquiring an additional 5,348 shares in the last quarter. Institutional investors own 83.89% of the company’s stock.
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.