Arete Initiates Coverage on Texas Instruments (NASDAQ:TXN)

Equities research analysts at Arete started coverage on shares of Texas Instruments (NASDAQ:TXN - Get Free Report) in a note issued to investors on Thursday,Briefing.com Automated Import reports. The brokerage set a "neutral" rating and a $203.80 price target on the semiconductor company's stock. Arete's target price points to a potential downside of 0.77% from the stock's current price.

Several other research analysts have also recently weighed in on TXN. Morgan Stanley reiterated an "underweight" rating and set a $148.00 price objective (up previously from $146.00) on shares of Texas Instruments in a research report on Thursday, April 24th. Mizuho set a $170.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Rosenblatt Securities reaffirmed a "buy" rating and set a $216.00 target price on shares of Texas Instruments in a report on Thursday, April 24th. Finally, DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target for the company in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Texas Instruments presently has an average rating of "Hold" and a consensus target price of $191.49.

Texas Instruments Trading Down 0.2%

TXN opened at $205.38 on Thursday. The stock has a market capitalization of $186.58 billion, a P/E ratio of 38.97, a P/E/G ratio of 3.35 and a beta of 1.00. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments has a 12 month low of $139.95 and a 12 month high of $220.39. The firm's fifty day simple moving average is $180.24 and its 200 day simple moving average is $182.31.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The company's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts anticipate that Texas Instruments will post 5.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Promus Capital LLC acquired a new position in shares of Texas Instruments during the 4th quarter valued at $25,000. Summit Securities Group LLC acquired a new position in Texas Instruments during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Texas Instruments in the fourth quarter worth approximately $28,000. Cloud Capital Management LLC bought a new position in Texas Instruments in the first quarter worth approximately $28,000. Finally, Copia Wealth Management acquired a new stake in Texas Instruments in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 84.99% of the company's stock.

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.

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