Citigroup Issues Positive Forecast for Texas Instruments (NASDAQ:TXN) Stock Price

Texas Instruments (NASDAQ:TXN - Get Free Report) had its target price lifted by research analysts at Citigroup from $210.00 to $220.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Citigroup's price target suggests a potential upside of 10.17% from the stock's current price.

A number of other analysts have also recently commented on TXN. Benchmark cut their price target on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. TD Securities reiterated a "hold" rating and issued a $160.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Argus upgraded Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $216.00 target price on shares of Texas Instruments in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Texas Instruments has a consensus rating of "Hold" and an average target price of $189.86.

Texas Instruments Trading Down 1.3%

Shares of TXN traded down $2.60 during trading hours on Monday, reaching $199.69. The stock had a trading volume of 5,054,892 shares, compared to its average volume of 6,357,136. The company has a market cap of $181.41 billion, a P/E ratio of 38.48, a P/E/G ratio of 3.30 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 company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average of $170.06 and a 200 day moving average of $182.09.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 earnings per share. On average, sell-side analysts expect that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXN. Promus Capital LLC acquired a new stake in Texas Instruments in the fourth quarter worth about $25,000. Summit Securities Group LLC acquired a new position in Texas Instruments during the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Texas Instruments in the fourth quarter worth $28,000. Cloud Capital Management LLC acquired a new stake in shares of Texas Instruments during the first quarter worth $28,000. Finally, Copia Wealth Management acquired a new position in shares of Texas Instruments in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 84.99% of the company's stock.

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.