KeyCorp Forecasts Strong Price Appreciation for Texas Instruments (NASDAQ:TXN) Stock

Texas Instruments (NASDAQ:TXN - Get Free Report) had its price target hoisted by stock analysts at KeyCorp from $215.00 to $240.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the semiconductor company's stock. KeyCorp's price target suggests a potential upside of 9.94% from the company's current price.

Several other research analysts also recently commented on TXN. Stifel Nicolaus cut their price target on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Summit Insights downgraded shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Barclays downgraded shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Argus raised shares of Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Finally, Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of "Hold" and a consensus price target of $196.91.

Texas Instruments Stock Performance

Shares of TXN stock traded up $4.90 during trading hours on Tuesday, hitting $218.31. 2,568,792 shares of the company were exchanged, compared to its average volume of 6,423,237. The firm has a fifty day simple moving average of $189.50 and a 200 day simple moving average of $183.45. 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 52-week low of $139.95 and a 52-week high of $220.39. The stock has a market capitalization of $198.33 billion, a price-to-earnings ratio of 41.43, a P/E/G ratio of 3.52 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business earned $1.10 EPS. Texas Instruments's revenue was up 11.1% compared to the same quarter last year. Research analysts predict that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently modified their holdings of TXN. Summit Securities Group LLC purchased a new stake in Texas Instruments in the fourth quarter worth about $27,000. Cloud Capital Management LLC purchased a new stake in Texas Instruments in the first quarter worth about $28,000. Copia Wealth Management purchased a new stake in Texas Instruments in the fourth quarter worth about $30,000. Dagco Inc. purchased a new stake in Texas Instruments in the first quarter worth about $32,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in Texas Instruments by 67.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 75 shares during the period. 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.

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