Texas Instruments (NASDAQ:TXN) Stock Rating Reaffirmed by Benchmark

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating restated by investment analysts at Benchmark in a note issued to investors on Wednesday, Benzinga reports. They currently have a $210.00 price objective on the semiconductor company’s stock. Benchmark’s target price would indicate a potential upside of 19.83% from the stock’s current price.

A number of other research firms have also recently commented on TXN. Evercore ISI assumed coverage on Texas Instruments in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $213.00 target price for the company. Morgan Stanley lifted their price objective on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research note on Wednesday. Barclays lowered their price objective on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average target price of $180.74.

Texas Instruments Trading Up 0.3 %

TXN opened at $175.25 on Wednesday. The stock has a market cap of $159.49 billion, a PE ratio of 27.34, a PEG ratio of 3.56 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average of $168.95 and a 200-day moving average of $162.08. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $188.12.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. 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 on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Texas Instruments

Several hedge funds have recently bought and sold shares of TXN. Annapolis Financial Services LLC grew its holdings in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the period. Briaud Financial Planning Inc bought a new stake in Texas Instruments during the third quarter valued at about $25,000. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments during the fourth quarter valued at about $25,000. Life Planning Partners Inc bought a new stake in Texas Instruments during the fourth quarter valued at about $26,000. Finally, Richardson Financial Services Inc. bought a new stake in Texas Instruments during the fourth quarter valued at about $26,000. 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.