Texas Instruments (NASDAQ:TXN) Coverage Initiated by Analysts at The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group started coverage on shares of Texas Instruments (NASDAQ:TXN - Get Free Report) in a report issued on Thursday, Marketbeat.com reports. The brokerage set a "buy" rating and a $255.00 price target on the semiconductor company's stock. The Goldman Sachs Group's target price would suggest a potential upside of 16.09% from the stock's current price.

Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Barclays cut shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $180.00 to $125.00 in a research report on Tuesday, April 22nd. Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $148.00 price target (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of "Hold" and a consensus price target of $200.20.

Texas Instruments Stock Performance

TXN traded up $3.27 during trading hours on Thursday, hitting $219.66. The company's stock had a trading volume of 3,969,167 shares, compared to its average volume of 6,453,278. The company has a 50-day simple moving average of $191.75 and a 200 day simple moving average of $183.91. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $199.55 billion, a PE ratio of 41.06, a PEG ratio of 3.52 and a beta of 1.03. Texas Instruments has a fifty-two week low of $139.95 and a fifty-two week high of $220.75.

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 last year, the company earned $1.10 earnings per share. As a group, sell-side analysts expect that Texas Instruments will post 5.35 EPS for the current year.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Texas Instruments during the 4th quarter worth about $2,584,490,000. Nuveen LLC bought a new position in Texas Instruments in the first quarter worth $711,387,000. GAMMA Investing LLC increased 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 buying an additional 3,406,386 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Texas Instruments by 20.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company's stock valued at $2,371,657,000 after buying an additional 2,257,086 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Texas Instruments by 2,898.0% in the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock valued at $397,940,000 after buying an additional 2,140,605 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.