Texas Instruments (TXN) Lifted to “Buy” at Credit Suisse Group

Texas Instruments (NASDAQ:TXN) was upgraded by investment analysts at Credit Suisse Group to a “buy” rating in a report issued on Wednesday. The firm presently has a $125.00 price target on the semiconductor company’s stock. Credit Suisse Group’s price target points to a potential upside of 24.39% from the stock’s previous close.

A number of other research firms also recently issued reports on TXN. SunTrust Banks reaffirmed a “hold” rating and issued a $96.00 target price on shares of Texas Instruments in a research report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $98.00 target price (up previously from $85.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. B. Riley reaffirmed a “hold” rating and issued a $97.00 target price (up previously from $89.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Zacks Investment Research raised Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 target price on the stock in a research report on Friday, October 20th. Finally, JPMorgan Chase & Co. lifted their target price on Texas Instruments from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Fifteen equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $109.65.

Shares of Texas Instruments (NASDAQ TXN) traded up $2.83 during trading on Wednesday, hitting $100.49. The stock had a trading volume of 10,117,203 shares, compared to its average volume of 7,200,000. The company has a market capitalization of $99,040.00, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. Texas Instruments has a 12 month low of $74.52 and a 12 month high of $120.75. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35.

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

In other Texas Instruments news, insider Bing Xie sold 15,877 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $109.21, for a total transaction of $1,733,927.17. Following the completion of the sale, the insider now directly owns 63,048 shares in the company, valued at $6,885,472.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brian T. Crutcher sold 267,201 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $111.08, for a total value of $29,680,687.08. Following the sale, the chief operating officer now owns 246,961 shares of the company’s stock, valued at $27,432,427.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 707,677 shares of company stock valued at $78,161,034. 0.96% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. First Republic Investment Management Inc. increased its holdings in shares of Texas Instruments by 10.1% during the fourth quarter. First Republic Investment Management Inc. now owns 113,080 shares of the semiconductor company’s stock worth $11,809,000 after buying an additional 10,400 shares in the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of Texas Instruments by 44.9% during the fourth quarter. Mawer Investment Management Ltd. now owns 43,472 shares of the semiconductor company’s stock worth $4,540,000 after buying an additional 13,462 shares in the last quarter. Mission Wealth Management LP increased its holdings in shares of Texas Instruments by 24.0% during the fourth quarter. Mission Wealth Management LP now owns 5,107 shares of the semiconductor company’s stock worth $533,000 after buying an additional 987 shares in the last quarter. Vantage Financial Partners Ltd. Inc. acquired a new position in shares of Texas Instruments during the fourth quarter worth $324,000. Finally, Edgestream Partners L.P. acquired a new position in shares of Texas Instruments during the fourth quarter worth $325,000. Hedge funds and other institutional investors own 84.30% 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.

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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