Texas Instruments (NASDAQ:TXN) Stock Rating Reaffirmed by Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of Texas Instruments (NASDAQ:TXN) in a research note released on Wednesday morning, Benzinga reports. Cantor Fitzgerald currently has a $180.00 price objective on the semiconductor company’s stock.

Several other research analysts also recently weighed in on TXN. Rosenblatt Securities reiterated a buy rating and issued a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. KeyCorp raised their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the company an overweight rating in a research report on Wednesday, January 24th. Morgan Stanley raised their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the company an underweight rating in a research report on Wednesday, January 24th. Truist Financial raised their price objective on shares of Texas Instruments from $165.00 to $167.00 and gave the company a hold rating in a research report on Wednesday. Finally, Barclays decreased their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an equal weight rating on the stock in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Instruments currently has an average rating of Hold and an average price target of $181.06.

Texas Instruments Stock Up 5.6 %

TXN opened at $174.81 on Wednesday. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. Texas Instruments has a 1-year low of $139.48 and a 1-year high of $188.12. The company has a market capitalization of $159.09 billion, a PE ratio of 27.27, a PEG ratio of 3.56 and a beta of 1.04. The firm’s 50 day simple moving average is $168.66 and its two-hundred day simple moving average is $161.99.

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

Insider Activity at Texas Instruments

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

Institutional Investors Weigh In On Texas Instruments

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Texas Instruments by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after purchasing an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Instruments by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after purchasing an additional 1,154,513 shares in the last quarter. Morgan Stanley raised its holdings in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after purchasing an additional 1,755,582 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Texas Instruments by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after purchasing an additional 1,095,303 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Texas Instruments by 2.9% in the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock valued at $1,764,284,000 after purchasing an additional 315,302 shares in the last quarter. 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.