Texas Instruments (NASDAQ:TXN)‘s stock had its “hold” rating restated by analysts at Robert W. Baird in a research report issued on Tuesday, February 26th. They presently have a $97.00 target price on the semiconductor company’s stock. Robert W. Baird’s price objective would suggest a potential downside of 11.56% from the company’s previous close.
TXN has been the subject of several other reports. Bank of America downgraded shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $89.50 target price for the company. in a research note on Friday, January 4th. ValuEngine upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. BidaskClub upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Morgan Stanley restated an “equal weight” rating and set a $100.00 price objective (down from $103.00) on shares of Texas Instruments in a research report on Thursday, January 24th. Finally, SunTrust Banks raised their price objective on shares of Texas Instruments from $93.00 to $103.00 and gave the stock a “hold” rating in a research report on Thursday, January 24th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $108.74.
TXN stock traded down $2.54 during trading hours on Tuesday, reaching $109.68. 3,696,604 shares of the stock were exchanged, compared to its average volume of 4,829,153. The stock has a market cap of $102.95 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.08 and a beta of 1.18. The company has a current ratio of 3.27, a quick ratio of 2.38 and a debt-to-equity ratio of 0.48. Texas Instruments has a 12 month low of $87.70 and a 12 month high of $118.48.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. Texas Instruments’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. On average, analysts forecast that Texas Instruments will post 5.21 earnings per share for the current fiscal year.
In other news, Chairman Richard K. Templeton sold 90,842 shares of the stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $101.14, for a total transaction of $9,187,759.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Haren Julie Van sold 3,953 shares of the stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $101.88, for a total transaction of $402,731.64. Following the transaction, the vice president now directly owns 30,523 shares of the company’s stock, valued at $3,109,683.24. The disclosure for this sale can be found here. Insiders have sold 256,061 shares of company stock worth $26,536,471 in the last quarter. Company insiders own 0.89% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Highwater Wealth Management LLC purchased a new stake in Texas Instruments during the fourth quarter valued at $34,000. Bahl & Gaynor Inc. increased its position in Texas Instruments by 47.9% during the fourth quarter. Bahl & Gaynor Inc. now owns 2,794,033 shares of the semiconductor company’s stock valued at $264,036,000 after acquiring an additional 904,477 shares during the last quarter. Morgan Stanley increased its position in Texas Instruments by 12.1% during the third quarter. Morgan Stanley now owns 5,941,759 shares of the semiconductor company’s stock valued at $637,490,000 after acquiring an additional 642,841 shares during the last quarter. Capital International Inc. CA increased its position in Texas Instruments by 112.3% during the third quarter. Capital International Inc. CA now owns 19,953 shares of the semiconductor company’s stock valued at $2,141,000 after acquiring an additional 10,553 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in Texas Instruments by 1.2% during the fourth quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock valued at $839,000 after acquiring an additional 105 shares during the last quarter. 85.60% of the stock is currently 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 worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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