Texas Instruments (NASDAQ:TXN) Given New $250.00 Price Target at Rosenblatt Securities

Texas Instruments (NASDAQ:TXN) had its price objective lifted by equities researchers at Rosenblatt Securities from $210.00 to $250.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Rosenblatt Securities’ price objective indicates a potential upside of 26.08% from the stock’s current price.

Other analysts have also issued reports about the stock. Robert W. Baird increased their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Stifel Nicolaus increased their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Wells Fargo & Company started coverage on shares of Texas Instruments in a research report on Thursday, May 16th. They set an “underweight” rating and a $150.00 target price on the stock. Susquehanna raised their target price on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. Finally, Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $190.00.

Texas Instruments Stock Down 3.7 %

TXN stock opened at $198.29 on Monday. The company’s 50 day simple moving average is $197.80 and its 200-day simple moving average is $179.29. The firm has a market capitalization of $180.54 billion, a PE ratio of 30.93, a P/E/G ratio of 4.31 and a beta of 0.99. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $210.84. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76.

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

Insider Activity

In other news, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Robert E. Sanchez sold 10,539 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now directly owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 100,440 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at $72,075,287.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 328,969 shares of company stock valued at $58,427,984. Company insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Large investors have recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments during the 4th quarter worth $25,000. Life Planning Partners Inc acquired a new position in Texas Instruments during the 4th quarter worth $26,000. Richardson Financial Services Inc. acquired a new position in Texas Instruments during the 4th quarter worth $26,000. Scarborough Advisors LLC acquired a new position in Texas Instruments during the 4th quarter worth $26,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Texas Instruments during the 4th quarter worth $31,000. 84.99% of the stock is owned by institutional investors and hedge funds.

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.