Susquehanna Boosts Texas Instruments (NASDAQ:TXN) Price Target to $205.00

Texas Instruments (NASDAQ:TXN) had its target price raised by Susquehanna from $200.00 to $205.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a positive rating on the semiconductor company’s stock.

Several other brokerages also recently weighed in on TXN. Truist Financial increased their price target on Texas Instruments from $165.00 to $167.00 and gave the stock a hold rating in a research report on Wednesday. Mizuho increased their price target on Texas Instruments from $164.00 to $170.00 and gave the stock a neutral rating in a research report on Wednesday. Oppenheimer reaffirmed a market perform rating on shares of Texas Instruments in a research report on Wednesday. UBS Group raised Texas Instruments from a neutral rating to a buy rating and increased their price target for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Finally, KeyCorp raised their target price on Texas Instruments from $180.00 to $200.00 and gave the company an overweight rating in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and an average target price of $181.06.

Texas Instruments Stock Performance

Shares of TXN opened at $174.81 on Wednesday. The firm has a market cap of $159.09 billion, a PE ratio of 27.27, a P/E/G ratio of 3.56 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $168.66 and a 200-day moving average price of $161.99. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. Equities research analysts predict that Texas Instruments will post 5.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TXN. Norges Bank purchased a new position in Texas Instruments in the 4th quarter worth approximately $1,649,592,000. Morgan Stanley lifted its stake in Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Texas Instruments by 33.2% during the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after buying an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Texas Instruments by 565.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after buying an additional 1,439,066 shares during the period. Finally, Baillie Gifford & Co. raised its position in shares of Texas Instruments by 338.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after buying an additional 1,385,725 shares during the period. 84.99% of the stock is 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.