Texas Instruments (NASDAQ:TXN) had its target price lifted by equities research analysts at Argus to $122.00 in a research note issued on Thursday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Argus’ price target would suggest a potential upside of 10.76% from the company’s current price.
TXN has been the subject of a number of other research reports. Bank of America raised their price objective on shares of Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. B. Riley reaffirmed a “neutral” rating and issued a $110.00 price objective (up previously from $97.00) on shares of Texas Instruments in a research note on Wednesday. SunTrust Banks reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Texas Instruments in a research note on Thursday, October 12th. Oppenheimer reaffirmed a “buy” rating and issued a $110.00 price objective (up previously from $92.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Finally, Mizuho reaffirmed a “buy” rating and issued a $107.00 price objective (up previously from $96.00) on shares of Texas Instruments in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $108.16.
Texas Instruments (TXN) traded up $0.45 during trading on Thursday, reaching $110.15. 8,564,464 shares of the company’s stock traded hands, compared to its average volume of 5,870,000. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89. The firm has a market capitalization of $108,560.00, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 2.68 and a beta of 1.27. Texas Instruments has a 12-month low of $74.52 and a 12-month high of $120.75.
In related news, CEO Richard K. Templeton sold 190,000 shares of Texas Instruments stock in a transaction on Friday, October 27th. The shares were sold at an average price of $96.88, for a total value of $18,407,200.00. Following the completion of the sale, the chief executive officer now owns 1,137,056 shares of the company’s stock, valued at approximately $110,157,985.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Brian T. Crutcher sold 68,687 shares of Texas Instruments stock in a transaction on Friday, October 27th. The shares were sold at an average price of $96.10, for a total transaction of $6,600,820.70. Following the completion of the sale, the chief operating officer now directly owns 346,428 shares of the company’s stock, valued at approximately $33,291,730.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,129,411 shares of company stock valued at $109,279,207 in the last three months. Company insiders own 0.96% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Texas Instruments by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock valued at $6,256,728,000 after purchasing an additional 1,683,613 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Texas Instruments by 1.1% in the 2nd quarter. BlackRock Inc. now owns 65,400,461 shares of the semiconductor company’s stock valued at $5,031,257,000 after purchasing an additional 681,821 shares during the last quarter. Capital International Investors lifted its stake in shares of Texas Instruments by 3.0% in the 3rd quarter. Capital International Investors now owns 14,794,402 shares of the semiconductor company’s stock valued at $1,326,170,000 after purchasing an additional 435,938 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Texas Instruments by 16.5% in the 3rd quarter. Janus Henderson Group PLC now owns 14,482,401 shares of the semiconductor company’s stock valued at $1,298,212,000 after purchasing an additional 2,055,040 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Texas Instruments by 0.4% in the 2nd quarter. Northern Trust Corp now owns 13,556,007 shares of the semiconductor company’s stock valued at $1,042,864,000 after purchasing an additional 53,846 shares during 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.
