Texas Instruments (NASDAQ:TXN) Price Target Increased to $203.00 by Analysts at Truist Financial

Texas Instruments (NASDAQ:TXN) had its target price upped by equities research analysts at Truist Financial from $167.00 to $203.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s price target points to a potential upside of 2.97% from the stock’s current price.

Other equities analysts have also issued reports about the company. Citigroup increased their price objective on Texas Instruments from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Morgan Stanley lifted their price objective on Texas Instruments from $150.00 to $156.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Mizuho boosted their price objective on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Rosenblatt Securities increased their target price on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday. Finally, TD Cowen boosted their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $198.64.

Texas Instruments Trading Down 0.6 %

NASDAQ TXN opened at $197.15 on Wednesday. The business’s fifty day moving average is $197.90 and its 200-day moving average is $179.55. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The stock has a market capitalization of $179.50 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 4.30 and a beta of 0.99. Texas Instruments has a one year low of $139.48 and a one year high of $210.84.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 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 analyst estimates of $3.82 billion. During the same quarter in the previous year, the firm posted $1.87 earnings per share. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. Equities research analysts predict that Texas Instruments will post 5.13 EPS for the current year.

Insiders Place Their Bets

In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’s 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 transaction, the director now directly owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares in the company, valued at $72,160,096.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the transaction, 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 90 days. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Several institutional investors have recently bought and sold shares of the stock. Investment Advisory Services Inc. TX ADV boosted its stake in shares of Texas Instruments by 1.6% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock valued at $612,000 after purchasing an additional 51 shares during the period. Verity Asset Management Inc. raised its holdings in Texas Instruments by 1.1% during the 1st quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock valued at $843,000 after buying an additional 54 shares during the last quarter. Prentice Wealth Management LLC boosted its position in Texas Instruments by 2.1% during the 2nd quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock valued at $516,000 after buying an additional 55 shares during the period. Pure Financial Advisors LLC grew its holdings 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 worth $433,000 after acquiring an additional 55 shares during the last quarter. Finally, Dakota Wealth Management increased its position in shares of Texas Instruments by 0.5% in the second quarter. Dakota Wealth Management now owns 10,869 shares of the semiconductor company’s stock valued at $2,114,000 after acquiring an additional 56 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.