Texas Instruments (TXN) PT Set at $125.00 by Sanford C. Bernstein

Texas Instruments (NASDAQ:TXN) has been given a $125.00 price objective by stock analysts at Sanford C. Bernstein in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the semiconductor company’s stock. Sanford C. Bernstein’s target price indicates a potential upside of 9.95% from the stock’s previous close.

A number of other research analysts also recently commented on TXN. Stifel Nicolaus reaffirmed a “hold” rating and set a $85.00 target price on shares of Texas Instruments in a report on Wednesday, October 4th. SunTrust Banks reaffirmed a “hold” rating and set a $86.00 target price on shares of Texas Instruments in a report on Thursday, October 12th. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Barclays increased their price target on Texas Instruments from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Texas Instruments in a research report on Friday, October 20th. Sixteen equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $109.65.

Texas Instruments (NASDAQ:TXN) traded up $3.54 during trading hours 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. The company has a current ratio of 3.87, a quick ratio of 2.96 and a debt-to-equity ratio of 0.35. Texas Instruments has a 52 week low of $74.52 and a 52 week high of $120.75. The company has a market cap 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 released its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, hitting analysts’ consensus estimates of $1.09. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the business posted $0.91 EPS. Texas Instruments’s quarterly revenue was up 9.8% compared to the same quarter last year. analysts anticipate that Texas Instruments will post 4.97 earnings per share for the current fiscal year.

In other news, Director Ralph W. Babb, Jr. sold 22,158 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $96.51, for a total transaction of $2,138,468.58. Following the completion of the sale, the director now directly owns 41,454 shares of the company’s stock, valued at approximately $4,000,725.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Bing Xie sold 17,500 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $96.53, for a total value of $1,689,275.00. Following the sale, the senior vice president now directly owns 78,102 shares of the company’s stock, valued at $7,539,186.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 870,724 shares of company stock worth $84,271,187. 0.96% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXN. BerganKDV Wealth Management LLC boosted its position in shares of Texas Instruments by 53.3% in the third quarter. BerganKDV Wealth Management LLC now owns 12,034 shares of the semiconductor company’s stock worth $1,079,000 after buying an additional 4,182 shares during the period. Ingalls & Snyder LLC boosted its position in shares of Texas Instruments by 9.6% in the third quarter. Ingalls & Snyder LLC now owns 12,600 shares of the semiconductor company’s stock worth $1,129,000 after buying an additional 1,100 shares during the period. PGGM Investments boosted its position in shares of Texas Instruments by 102.8% in the third quarter. PGGM Investments now owns 956,619 shares of the semiconductor company’s stock worth $85,751,000 after buying an additional 484,906 shares during the period. Sather Financial Group Inc purchased a new stake in shares of Texas Instruments during the second quarter worth $600,000. Finally, Prudential PLC raised its holdings in shares of Texas Instruments by 62.3% during the second quarter. Prudential PLC now owns 26,520 shares of the semiconductor company’s stock worth $2,040,000 after acquiring an additional 10,175 shares in the last quarter. 83.89% 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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