Texas Instruments (NASDAQ:TXN) Earns "Buy" Rating from Benchmark

Texas Instruments (NASDAQ:TXN - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at Benchmark in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $210.00 price objective on the semiconductor company's stock. Benchmark's price objective suggests a potential upside of 20.13% from the stock's current price.

Other research analysts have also issued research reports about the company. KeyCorp boosted their target price on Texas Instruments from $180.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 24th. TD Cowen boosted their target price on Texas Instruments from $160.00 to $175.00 and gave the company a "hold" rating in a report on Wednesday. Truist Financial boosted their target price on Texas Instruments from $165.00 to $167.00 and gave the company a "hold" rating in a report on Wednesday. Barclays dropped their price objective on Texas Instruments from $160.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 24th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Texas Instruments has an average rating of "Hold" and a consensus target price of $181.79.

Texas Instruments Stock Performance

TXN traded up $9.34 during trading on Wednesday, hitting $174.81. 13,963,651 shares of the stock were exchanged, compared to its average volume of 5,668,004. The firm has a market capitalization of $159.09 billion, a P/E ratio of 24.81, a PEG ratio of 3.52 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 has a fifty day moving average price of $168.32 and a two-hundred day moving average price of $161.90. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 earnings per share. As a group, sell-side analysts predict that Texas Instruments will post 5.16 earnings per share for the current year.

Insider Activity

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated 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 $1,869,126.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.68% of the company's stock.

Institutional Investors Weigh In On Texas Instruments

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Texas Instruments by 0.5% in the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company's stock valued at $14,129,979,000 after buying an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Texas Instruments by 6.1% during the 4th 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 last quarter. Morgan Stanley lifted its holdings in Texas Instruments by 14.2% during 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. lifted its holdings in Texas Instruments by 10.1% during the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company's stock worth $2,033,283,000 after buying an additional 1,095,303 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Texas Instruments by 2.9% during the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company's stock worth $1,764,284,000 after buying an additional 315,302 shares during the last quarter. 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.