Texas Instruments (TXN) Price Target Raised to $122.00

Texas Instruments (NASDAQ:TXN) had its price objective hoisted by equities researchers at JPMorgan Chase & Co. from $110.00 to $122.00 in a report issued on Wednesday. The firm currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 7.31% from the company’s previous close.

TXN has been the topic of a number of other reports. Bank of America upped their target price on Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. B. Riley reissued a “neutral” rating and issued a $110.00 price target (up from $97.00) on shares of Texas Instruments in a research report on Wednesday. SunTrust Banks reissued a “hold” rating and issued a $86.00 price target on shares of Texas Instruments in a research report on Thursday, October 12th. Oppenheimer reissued a “buy” rating and issued a $110.00 price target (up from $92.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Finally, Mizuho reissued a “buy” rating and issued a $107.00 price target (up from $96.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. Sixteen equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average 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 had a trading volume of 7,552,430 shares, compared to its average volume of 5,970,000. Texas Instruments has a 1-year low of $74.52 and a 1-year high of $120.75. The company has a market capitalization of $115,650.00, a PE ratio of 31.58, a PEG ratio of 2.31 and a beta of 1.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.87 and a quick ratio of 2.96.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.09. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. sell-side analysts predict that Texas Instruments will post 4.97 earnings per share for the current year.

In other news, SVP Bing Xie sold 17,500 shares of Texas Instruments stock in a transaction dated Monday, October 30th. The stock was 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 in the company, valued at approximately $7,539,186.06. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 450,000 shares of Texas Instruments stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $96.51, for a total value of $43,429,500.00. Following the sale, the chairman now owns 1,137,056 shares of the company’s stock, valued at approximately $109,737,274.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 870,724 shares of company stock valued at $84,271,187. Corporate insiders own 0.96% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Texas Instruments by 18.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 200 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in shares of Texas Instruments by 55.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Texas Instruments during the 2nd quarter valued at about $112,000. Westside Investment Management Inc. raised its holdings in shares of Texas Instruments by 6.9% during the 2nd quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 100 shares in the last quarter. Finally, Zions Bancorporation raised its holdings in shares of Texas Instruments by 915.6% during the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 1,410 shares in the last quarter. 83.89% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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