Texas Instruments (NASDAQ:TXN) Stock Price Expected to Rise, TD Cowen Analyst Says

Texas Instruments (NASDAQ:TXN - Get Free Report) had its price target upped by TD Cowen from $160.00 to $200.00 in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage presently has a "hold" rating on the semiconductor company's stock. TD Cowen's target price suggests a potential downside of 2.62% from the stock's previous close.

A number of other research firms also recently issued reports on TXN. Summit Insights downgraded shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. DZ Bank upgraded shares of Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a research note on Friday, April 25th. Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Truist Financial decreased their price objective on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, Cantor Fitzgerald dropped their target price on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of "Hold" and a consensus price target of $190.96.

Texas Instruments Stock Down 0.2%

TXN traded down $0.43 during trading on Wednesday, hitting $205.38. The company had a trading volume of 4,747,626 shares, compared to its average volume of 6,390,075. The company has a market capitalization of $186.58 billion, a PE ratio of 38.97, a PEG ratio of 3.28 and a beta of 1.00. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. Texas Instruments has a one year low of $139.95 and a one year high of $220.39. The firm's 50-day moving average price is $179.07 and its 200 day moving average price is $182.15.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 earnings per share. As a group, equities analysts expect that Texas Instruments will post 5.35 earnings per share for the current year.

Institutional Trading of Texas Instruments

Several hedge funds have recently added to or reduced their stakes in TXN. Norges Bank bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $2,584,490,000. Nuveen LLC acquired a new stake in Texas Instruments in the 1st quarter worth about $711,387,000. GAMMA Investing LLC boosted its holdings in Texas Instruments by 21,778.6% in the 1st quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock valued at $614,938,000 after purchasing an additional 3,406,386 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Texas Instruments by 20.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company's stock worth $2,371,657,000 after purchasing an additional 2,257,086 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock worth $4,029,115,000 after purchasing an additional 2,237,035 shares during the period. 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.