Mizuho Increases Texas Instruments (NASDAQ:TXN) Price Target to $170.00

Texas Instruments (NASDAQ:TXN) had its price target lifted by equities research analysts at Mizuho from $164.00 to $170.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. Mizuho’s price objective indicates a potential upside of 2.74% from the company’s previous close.

Several other analysts have also recently commented on the stock. Evercore ISI initiated coverage on shares of Texas Instruments in a research report on Tuesday, April 16th. They set an “outperform” rating and a $213.00 target price for the company. KeyCorp upped their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Cantor Fitzgerald upped their target price on shares of Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Morgan Stanley upped their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $178.95.

Texas Instruments Stock Performance

TXN stock opened at $165.47 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The company has a 50 day moving average price of $168.32 and a 200 day moving average price of $161.90. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The stock has a market capitalization of $150.59 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the company posted $2.13 EPS. Texas Instruments’s revenue was down 12.7% on a year-over-year basis. Analysts forecast that Texas Instruments will post 5.16 EPS for the current year.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

A number of large investors have recently modified their holdings of the business. Founders Financial Securities LLC raised its holdings in shares of Texas Instruments by 4.5% in the 3rd quarter. Founders Financial Securities LLC now owns 3,483 shares of the semiconductor company’s stock valued at $554,000 after purchasing an additional 150 shares during the period. Meridian Wealth Management LLC raised its holdings in shares of Texas Instruments by 4.5% in the 3rd quarter. Meridian Wealth Management LLC now owns 4,762 shares of the semiconductor company’s stock valued at $757,000 after purchasing an additional 207 shares during the period. Private Trust Co. NA raised its holdings in shares of Texas Instruments by 1.1% in the 3rd quarter. Private Trust Co. NA now owns 7,976 shares of the semiconductor company’s stock valued at $1,268,000 after purchasing an additional 87 shares during the period. Boston Trust Walden Corp raised its holdings in shares of Texas Instruments by 38.2% in the 3rd quarter. Boston Trust Walden Corp now owns 54,143 shares of the semiconductor company’s stock valued at $8,609,000 after purchasing an additional 14,965 shares during the period. Finally, Capital Asset Advisory Services LLC raised its holdings in shares of Texas Instruments by 4.7% in the 3rd quarter. Capital Asset Advisory Services LLC now owns 1,659 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 75 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

About Texas Instruments

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.