Evercore ISI Boosts Texas Instruments (NASDAQ:TXN) Price Target to $225.00

Texas Instruments (NASDAQ:TXN - Get Free Report) had its price target increased by equities researchers at Evercore ISI from $213.00 to $225.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an "outperform" rating on the semiconductor company's stock. Evercore ISI's target price would suggest a potential upside of 28.71% from the company's current price.

Other equities analysts also recently issued reports about the company. KeyCorp lifted their target price on Texas Instruments from $180.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 24th. Susquehanna boosted their price objective on Texas Instruments from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday. Truist Financial boosted their price objective on Texas Instruments from $165.00 to $167.00 and gave the company a "hold" rating in a research report on Wednesday. Morgan Stanley boosted their price objective on Texas Instruments from $138.00 to $146.00 and gave the company an "underweight" rating in a research report on Wednesday, January 24th. Finally, Benchmark restated a "buy" rating and issued a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments presently has a consensus rating of "Hold" and a consensus price target of $181.79.

Texas Instruments Stock Up 5.6 %

Shares of Texas Instruments stock traded up $9.34 on Wednesday, reaching $174.81. The company's stock had a trading volume of 13,963,651 shares, compared to its average volume of 5,668,004. The company has a market capitalization of $159.09 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 3.52 and a beta of 1.04. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $188.12. 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 firm's fifty day simple moving average is $168.32 and its two-hundred day simple moving average is $161.90.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company's revenue for the quarter was down 16.4% on a year-over-year basis. During the same period last year, the business posted $1.85 EPS. Equities analysts anticipate that Texas Instruments will post 5.16 earnings per share for the current year.

Insider Buying and Selling at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the business's stock in a transaction 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 directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.68% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Texas Instruments by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company's stock worth $14,129,979,000 after purchasing an additional 458,853 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Texas Instruments by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company's stock worth $3,398,637,000 after buying an additional 1,154,513 shares during the period. Morgan Stanley boosted its stake in Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company's stock worth $2,250,685,000 after buying an additional 1,755,582 shares during the last quarter. Franklin Resources Inc. grew its holdings in Texas Instruments by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company's stock valued at $2,033,283,000 after buying an additional 1,095,303 shares during the period. Finally, Northern Trust Corp grew its holdings in Texas Instruments by 2.9% in the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company's stock valued at $1,764,284,000 after buying an additional 315,302 shares during the period. 84.99% of the stock is 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 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.