Texas Instruments (NASDAQ:TXN) Given New $200.00 Price Target at Cantor Fitzgerald

Texas Instruments (NASDAQ:TXN - Get Free Report) had its price objective hoisted by equities research analysts at Cantor Fitzgerald from $170.00 to $200.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the semiconductor company's stock. Cantor Fitzgerald's price target would suggest a potential upside of 0.40% from the company's previous close.

Several other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Texas Instruments from $230.00 to $195.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Benchmark dropped their price target on Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, April 24th. UBS Group reduced their price target on Texas Instruments from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company increased their price objective on Texas Instruments from $175.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $191.91.

Texas Instruments Stock Up 0.8%

Shares of TXN stock traded up $1.52 during trading hours on Wednesday, hitting $199.21. 1,049,114 shares of the company were exchanged, compared to its average volume of 6,359,199. The company has a market capitalization of $180.98 billion, a PE ratio of 37.81, a PEG ratio of 3.24 and a beta of 1.00. Texas Instruments has a 52 week low of $139.95 and a 52 week high of $220.39. The business has a 50 day moving average of $174.54 and a two-hundred day moving average of $182.01. 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 (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share. Analysts anticipate that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Texas Instruments

Institutional investors have recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after buying an additional 4,218 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Texas Instruments in the 4th quarter worth $6,544,000. Bank Pictet & Cie Europe AG raised its holdings in shares of Texas Instruments by 14.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after purchasing an additional 17,840 shares during the last quarter. Valmark Advisers Inc. raised its holdings in shares of Texas Instruments by 5.5% in the fourth quarter. Valmark Advisers Inc. now owns 2,360 shares of the semiconductor company's stock valued at $443,000 after purchasing an additional 122 shares during the last quarter. Finally, Truist Financial Corp lifted its position in shares of Texas Instruments by 5.6% during the fourth quarter. Truist Financial Corp now owns 248,568 shares of the semiconductor company's stock valued at $46,609,000 after purchasing an additional 13,230 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.

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