The Goldman Sachs Group Initiates Coverage on Texas Instruments (NASDAQ:TXN)

Equities research analysts at The Goldman Sachs Group began coverage on shares of Texas Instruments (NASDAQ:TXN - Get Free Report) in a research note issued on Thursday, Marketbeat reports. The firm set a "buy" rating and a $255.00 price target on the semiconductor company's stock. The Goldman Sachs Group's price objective points to a potential upside of 15.19% from the stock's current price.

Several other research analysts also recently commented on TXN. Cantor Fitzgerald decreased their price objective on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target 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. TD Securities reissued a "hold" rating and set a $160.00 price target on shares of Texas Instruments in a research report on Thursday, April 24th. Truist Financial reduced their target price on Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, Robert W. Baird raised Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research note on Monday, April 7th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $202.08.

Texas Instruments Price Performance

TXN traded up $1.71 during midday trading on Thursday, hitting $221.37. The stock had a trading volume of 1,912,434 shares, compared to its average volume of 6,435,528. The company has a market cap of $201.11 billion, a P/E ratio of 42.04, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03. The business has a fifty day moving average of $192.98 and a 200 day moving average of $184.11. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. Texas Instruments has a 1 year low of $139.95 and a 1 year high of $221.53.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (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 analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. Texas Instruments's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 earnings per share. As a group, equities analysts forecast that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Institutional Trading of Texas Instruments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. Mizuho Securities USA LLC lifted its position in shares of Texas Instruments by 46.0% during the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company's stock valued at $16,212,000 after buying an additional 27,251 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after buying an additional 4,218 shares in the last quarter. JARISLOWSKY FRASER Ltd increased its stake in Texas Instruments by 7.4% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company's stock worth $448,000 after buying an additional 165 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Texas Instruments by 2.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 495,548 shares of the semiconductor company's stock worth $89,050,000 after buying an additional 11,057 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Texas Instruments by 21.8% in the 1st quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company's stock worth $3,422,000 after buying an additional 3,402 shares in the last quarter. 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.