Texas Instruments (TXN) Given New $101.00 Price Target at Morgan Stanley

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.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.09. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. equities research analysts expect that Texas Instruments will post 4.97 earnings per share for the current fiscal year.

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.

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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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