Texas Instruments (NASDAQ:TXN) had its price objective hoisted by equities researchers at Robert W. Baird from $100.00 to $115.00 in a research note issued to investors on Wednesday. The firm currently has a “neutral” rating on the semiconductor company’s stock. Robert W. Baird’s price target points to a potential upside of 1.15% from the stock’s current price.
TXN has been the subject of several other research reports. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Royal Bank of Canada restated an “outperform” rating and issued a $127.00 price target (up previously from $112.00) on shares of Texas Instruments in a research note on Monday, January 22nd. Barclays boosted their price target on Texas Instruments from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Credit Suisse Group restated an “in-line” rating and issued a $125.00 price target (up previously from $110.00) on shares of Texas Instruments in a research note on Tuesday, January 16th. Finally, BidaskClub upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Sixteen investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $109.65.
Texas Instruments (NASDAQ:TXN) traded up $3.54 during mid-day trading on Wednesday, hitting $113.69. The stock had a trading volume of 7,552,430 shares, compared to its average volume of 5,970,000. Texas Instruments has a 52-week low of $74.52 and a 52-week high of $120.75. The company has a quick ratio of 2.96, a current ratio of 3.87 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $115,650.00, a PE ratio of 31.58, a P/E/G ratio of 2.31 and a beta of 1.27.
In other Texas Instruments news, SVP Bing Xie sold 17,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 78,102 shares in the company, valued at $7,539,186.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider R Gregory Delagi sold 238,750 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $97.44, for a total value of $23,263,800.00. Following the completion of the sale, the insider now owns 189,234 shares of the company’s stock, valued at approximately $18,438,960.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 870,724 shares of company stock valued at $84,271,187. Company insiders own 0.96% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Highland Private Wealth Management boosted its stake in shares of Texas Instruments by 0.8% in the second quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock worth $234,000 after acquiring an additional 25 shares during the period. Hudock Capital Group LLC boosted its stake in shares of Texas Instruments by 1.3% in the second quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock worth $154,000 after acquiring an additional 26 shares during the period. Carret Asset Management LLC boosted its stake in shares of Texas Instruments by 0.7% in the second quarter. Carret Asset Management LLC now owns 6,043 shares of the semiconductor company’s stock worth $465,000 after acquiring an additional 43 shares during the period. C M Bidwell & Associates Ltd. boosted its stake in shares of Texas Instruments by 0.9% in the second quarter. C M Bidwell & Associates Ltd. now owns 5,041 shares of the semiconductor company’s stock worth $388,000 after acquiring an additional 45 shares during the period. Finally, RNC Capital Management LLC boosted its stake in shares of Texas Instruments by 0.7% in the second quarter. RNC Capital Management LLC now owns 7,872 shares of the semiconductor company’s stock worth $606,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 83.89% 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.
