Texas Instruments (NASDAQ:TXN) Coverage Initiated at Arete

Equities research analysts at Arete assumed coverage on shares of Texas Instruments (NASDAQ:TXN) in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $203.80 price target on the semiconductor company’s stock. Arete’s price target would suggest a potential downside of 1.58% from the stock’s current price.

TXN has been the subject of several other reports. Wells Fargo & Company set a $190.00 price objective on shares of Texas Instruments and gave the stock an “equal weight” rating in a research report on Monday, June 16th. TD Cowen lifted their price objective on shares of Texas Instruments from $160.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday. Sanford C. Bernstein raised shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 5th. Summit Insights cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Mizuho set a $170.00 price target on shares of Texas Instruments in a report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $191.49.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $207.08 on Thursday. Texas Instruments has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The stock has a market capitalization of $188.13 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 3.36 and a beta of 1.00. The business has a 50-day moving average of $182.58 and a 200-day moving average of $182.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. Texas Instruments’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. As a group, sell-side analysts predict that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in shares of Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after acquiring an additional 4,218 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Texas Instruments by 14.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company’s stock worth $25,942,000 after buying an additional 17,840 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Texas Instruments in the 4th quarter worth approximately $1,048,000. Bryn Mawr Capital Management LLC boosted its holdings in Texas Instruments by 1.3% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 9,831 shares of the semiconductor company’s stock worth $1,843,000 after buying an additional 127 shares during the period. Finally, SRN Advisors LLC boosted its holdings in Texas Instruments by 110.6% in the 4th quarter. SRN Advisors LLC now owns 6,475 shares of the semiconductor company’s stock valued at $1,214,000 after purchasing an additional 3,400 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.