Texas Instruments (NASDAQ:TXN) PT Raised to $203.00 at Truist Financial

Texas Instruments (NASDAQ:TXN) had its price objective increased by Truist Financial from $167.00 to $203.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s target price points to a potential upside of 2.97% from the company’s current price.

Several other brokerages have also weighed in on TXN. TD Cowen increased their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Stifel Nicolaus increased their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Rosenblatt Securities upped their price target on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday. Citigroup boosted their price objective on Texas Instruments from $185.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Finally, Jefferies Financial Group downgraded Texas Instruments from a “buy” rating to a “hold” rating and decreased their target price for the stock from $200.00 to $175.00 in a research report on Monday, May 13th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $198.64.

Texas Instruments Stock Down 0.6 %

Shares of NASDAQ:TXN opened at $197.15 on Wednesday. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. The firm has a market cap of $179.50 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 4.30 and a beta of 0.99. The stock’s 50-day moving average price is $197.90 and its two-hundred day moving average price is $179.55. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $210.84.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.27%. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period last year, the company earned $1.87 earnings per share. The company’s quarterly revenue was down 15.6% on a year-over-year basis. On average, research analysts forecast that Texas Instruments will post 5.13 EPS for the current year.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Richard K. Templeton sold 104,000 shares of Texas Instruments stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $175.83, for a total value of $18,286,320.00. Following the completion of the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $71,009,121.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the sale, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 over the last three months. 0.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors have recently made changes to their positions in the stock. Investment Advisory Services Inc. TX ADV grew its stake in Texas Instruments by 1.6% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after buying an additional 51 shares during the last quarter. Verity Asset Management Inc. grew its position in shares of Texas Instruments by 1.1% during the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after acquiring an additional 54 shares during the last quarter. Prentice Wealth Management LLC increased its holdings in shares of Texas Instruments by 2.1% in the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after acquiring an additional 55 shares during the period. Pure Financial Advisors LLC lifted its position in Texas Instruments by 2.5% in the 2nd quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 55 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in Texas Instruments by 0.5% during the 2nd quarter. Dakota Wealth Management now owns 10,869 shares of the semiconductor company’s stock valued at $2,114,000 after purchasing an additional 56 shares during the period. 84.99% of the stock is owned by 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.