Texas Instruments (NASDAQ:TXN) PT Raised to $195.00 at JPMorgan Chase & Co.

Texas Instruments (NASDAQ:TXN) had its target price raised by analysts at JPMorgan Chase & Co. from $180.00 to $195.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 11.27% from the company’s current price.

Several other equities research analysts also recently weighed in on TXN. Susquehanna increased their price target on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday. Cantor Fitzgerald increased their price target on Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. TD Cowen increased their price target on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday. Barclays decreased their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Finally, Morgan Stanley increased their price target on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Stock Performance

Shares of TXN opened at $175.25 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. The firm has a market cap of $159.49 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. The company’s 50 day simple moving average is $168.95 and its 200-day simple moving average is $162.08. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced 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 business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.54%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period last year, the firm posted $1.85 earnings per share. As a group, equities analysts predict that Texas Instruments will post 5.16 EPS for the current year.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Annapolis Financial Services LLC increased its position in Texas Instruments by 333.3% during the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in Texas Instruments during the 3rd quarter worth about $25,000. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments during the 4th quarter worth about $25,000. Life Planning Partners Inc purchased a new stake in Texas Instruments during the 4th quarter worth about $26,000. Finally, Richardson Financial Services Inc. purchased a new stake in Texas Instruments during the 4th quarter worth about $26,000. 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.