Mizuho Boosts Texas Instruments (NASDAQ:TXN) Price Target to $205.00

Texas Instruments (NASDAQ:TXN - Get Free Report) had its price target increased by analysts at Mizuho from $170.00 to $205.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the semiconductor company's stock. Mizuho's price target would indicate a potential downside of 5.37% from the stock's previous close.

TXN has been the topic of several other research reports. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. UBS Group lifted their target price on Texas Instruments from $215.00 to $245.00 and gave the company a "buy" rating in a research report on Monday. Barclays lowered Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Arete initiated coverage on Texas Instruments in a research report on Thursday, June 26th. They issued a "neutral" rating and a $203.80 target price on the stock. Finally, Benchmark reduced their price target on Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Texas Instruments currently has a consensus rating of "Hold" and an average price target of $196.91.

Texas Instruments Stock Performance

Shares of TXN traded up $3.22 during mid-day trading on Tuesday, hitting $216.63. The company's stock had a trading volume of 6,844,542 shares, compared to its average volume of 6,439,622. Texas Instruments has a one year low of $139.95 and a one year high of $220.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The firm has a market capitalization of $196.80 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. The stock's 50-day moving average is $189.50 and its two-hundred day moving average is $183.45.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during 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 firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments will post 5.35 EPS for the current year.

Institutional Trading of Texas Instruments

A number of institutional investors and hedge funds have recently modified their holdings of the business. Summit Securities Group LLC bought a new position in shares of Texas Instruments in the fourth quarter worth $27,000. Cloud Capital Management LLC bought a new stake in Texas Instruments during the first quarter worth about $28,000. Copia Wealth Management bought a new stake in shares of Texas Instruments in the 4th quarter valued at about $30,000. Dagco Inc. bought a new stake in shares of Texas Instruments in the 1st quarter valued at about $32,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in Texas Instruments by 67.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 75 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.