Texas Instruments (NASDAQ:TXN) Given New $180.00 Price Target at Cantor Fitzgerald

Texas Instruments (NASDAQ:TXN - Get Free Report) had its price objective hoisted by stock analysts at Cantor Fitzgerald from $170.00 to $180.00 in a report released on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the semiconductor company's stock. Cantor Fitzgerald's target price indicates a potential upside of 6.22% from the company's previous close.

Several other equities research analysts have also issued reports on TXN. Susquehanna dropped their price target on Texas Instruments from $205.00 to $200.00 and set a "positive" rating for the company in a research note on Wednesday, January 24th. KeyCorp lifted their price target on Texas Instruments from $180.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 24th. Truist Financial dropped their price target on Texas Instruments from $166.00 to $165.00 and set a "hold" rating for the company in a research note on Friday, February 9th. Rosenblatt Securities reaffirmed a "buy" rating and set a $190.00 price target on shares of Texas Instruments in a research note on Tuesday, January 23rd. Finally, Mizuho dropped their price target on Texas Instruments from $170.00 to $164.00 and set a "neutral" rating for the company in a research note on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $174.42.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded up $1.96 during mid-day trading on Monday, hitting $169.46. The company had a trading volume of 3,154,017 shares, compared to its average volume of 5,551,051. The company has a market capitalization of $154.22 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 3.60 and a beta of 1.04. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $188.12. The stock's 50-day moving average price is $166.84 and its 200-day moving average price is $161.27. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The firm's quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter last year, the company earned $2.13 earnings per share. On average, sell-side analysts forecast that Texas Instruments will post 5.16 earnings per share for the current year.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bollard Group LLC grew its stake in shares of Texas Instruments by 4.6% in the 2nd quarter. Bollard Group LLC now owns 1,377 shares of the semiconductor company's stock worth $248,000 after buying an additional 60 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Texas Instruments by 16.8% in the 1st quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company's stock worth $77,000 after buying an additional 60 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Texas Instruments by 2.8% in the 1st quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company's stock worth $416,000 after buying an additional 61 shares during the last quarter. Polar Capital Holdings Plc grew its stake in shares of Texas Instruments by 0.6% in the 1st quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company's stock worth $1,802,000 after buying an additional 63 shares during the last quarter. Finally, Abacus Planning Group Inc. grew its stake in shares of Texas Instruments by 3.7% in the 3rd quarter. Abacus Planning Group Inc. now owns 1,795 shares of the semiconductor company's stock worth $285,000 after buying an additional 64 shares during the last quarter. 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.