Susquehanna Raises Texas Instruments (NASDAQ:TXN) Price Target to $250.00

Texas Instruments (NASDAQ:TXN) had its price objective hoisted by equities researchers at Susquehanna from $205.00 to $250.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective suggests a potential upside of 20.08% from the company’s current price.

Several other research analysts have also commented on TXN. Rosenblatt Securities reiterated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 24th. Robert W. Baird upped their target price on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Cantor Fitzgerald raised their price target on Texas Instruments from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Finally, Barclays boosted their target price on shares of Texas Instruments from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, May 20th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $186.76.

Texas Instruments Trading Up 0.8 %

Shares of NASDAQ TXN traded up $1.57 during trading hours on Wednesday, reaching $208.19. The stock had a trading volume of 642,948 shares, compared to its average volume of 5,384,656. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $208.97. The firm has a market cap of $189.55 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 4.37 and a beta of 0.99. The business’s fifty day moving average price is $196.24 and its two-hundred day moving average price is $178.05. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.85 EPS. Analysts expect that Texas Instruments will post 5.13 EPS for the current fiscal year.

Insider Activity at Texas Instruments

In other news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,160,096.68. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock worth $58,427,984 in the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Large investors have recently made changes to their positions in the stock. BKM Wealth Management LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $73,000. Thomasville National Bank raised its position in Texas Instruments by 5.2% in the fourth quarter. Thomasville National Bank now owns 2,069 shares of the semiconductor company’s stock valued at $353,000 after purchasing an additional 102 shares during the period. Jeppson Wealth Management LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth $207,000. Eldred Rock Partners LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth about $7,255,000. Finally, Vest Financial LLC lifted its position in Texas Instruments by 38.3% in the fourth quarter. Vest Financial LLC now owns 79,548 shares of the semiconductor company’s stock valued at $13,560,000 after buying an additional 22,040 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.