Texas Instruments (NASDAQ:TXN) Given New $185.00 Price Target at Citigroup

Texas Instruments (NASDAQ:TXN - Get Free Report) had its target price upped by research analysts at Citigroup from $167.00 to $185.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a "neutral" rating on the semiconductor company's stock. Citigroup's price target points to a potential downside of 1.50% from the stock's previous close.

TXN has been the topic of several other research reports. Rosenblatt Securities restated a "buy" rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Morgan Stanley increased their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an "underweight" rating in a report on Wednesday, January 24th. Robert W. Baird increased their price target on shares of Texas Instruments from $125.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, April 25th. Jefferies Financial Group downgraded shares of Texas Instruments from a "buy" rating to a "hold" rating and cut their price target for the stock from $200.00 to $175.00 in a report on Monday. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $180.00 price target on shares of Texas Instruments in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $180.60.

Texas Instruments Stock Up 0.4 %

Shares of TXN stock traded up $0.77 during mid-day trading on Monday, hitting $187.82. 3,684,766 shares of the stock traded hands, compared to its average volume of 5,631,853. The stock has a market cap of $171.01 billion, a P/E ratio of 29.30, a P/E/G ratio of 3.98 and a beta of 1.01. The stock's fifty day moving average is $172.48 and its two-hundred day moving average is $164.43. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $188.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company's quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.85 earnings per share. Equities analysts predict that Texas Instruments will post 5.22 EPS for the current year.

Insider Activity

In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the firm's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the transaction, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the firm's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the sale, the chairman now directly owns 403,851 shares of the company's stock, valued at approximately $72,160,096.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of the firm's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the sale, the director now directly owns 20,461 shares of the company's stock, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock worth $58,427,984 in the last quarter. Corporate insiders own 0.68% of the company's stock.

Institutional Trading of Texas Instruments

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Texas Instruments by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company's stock worth $15,778,648,000 after purchasing an additional 536,206 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Texas Instruments by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company's stock valued at $3,398,637,000 after acquiring an additional 1,154,513 shares in the last quarter. Morgan Stanley grew its position in Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company's stock valued at $2,250,685,000 after acquiring an additional 1,755,582 shares in the last quarter. Franklin Resources Inc. grew its position 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 acquiring an additional 1,095,303 shares in the last quarter. Finally, Northern Trust Corp grew its position 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 acquiring an additional 315,302 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

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.