Texas Instruments (NASDAQ:TXN) Rating Reiterated by Cantor Fitzgerald

Texas Instruments (NASDAQ:TXN)‘s stock had its “neutral” rating reaffirmed by equities researchers at Cantor Fitzgerald in a note issued to investors on Wednesday, Benzinga reports. They currently have a $210.00 target price on the semiconductor company’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 3.06% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Susquehanna lifted their price objective on shares of Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research report on Wednesday, July 17th. Barclays boosted their price target on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Jefferies Financial Group increased their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. KeyCorp lifted their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $201.95.

Texas Instruments Stock Down 2.2 %

TXN opened at $203.77 on Wednesday. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $210.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The stock has a market cap of $185.53 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 4.36 and a beta of 0.99. The firm’s fifty day moving average is $197.66 and its 200 day moving average is $183.75.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the business earned $1.87 earnings per share. The business’s revenue was down 15.6% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments will post 5.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TXN. Tennessee Valley Asset Management Partners bought a new stake in shares of Texas Instruments during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. purchased a new stake in Texas Instruments in the fourth quarter worth $26,000. Scarborough Advisors LLC purchased a new stake in Texas Instruments in the fourth quarter worth $26,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Texas Instruments during the fourth quarter worth $31,000. Finally, Westend Capital Management LLC purchased a new stake in shares of Texas Instruments during the first quarter valued at $31,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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.