UBS Group Reaffirms "Buy" Rating for Texas Instruments (NASDAQ:TXN)

Texas Instruments (NASDAQ:TXN - Get Free Report)'s stock had its "buy" rating reiterated by analysts at UBS Group in a note issued to investors on Monday, Marketbeat Ratings reports. They presently have a $255.00 price target on the semiconductor company's stock, up from their prior price target of $245.00. UBS Group's price target would suggest a potential upside of 16.37% from the company's previous close.

Other research analysts also recently issued research reports about the company. Cowen reiterated a "hold" rating on shares of Texas Instruments in a report on Wednesday, June 25th. Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. TD Securities reiterated a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a report on Thursday, April 24th. TD Cowen upgraded Texas Instruments from a "hold" rating to a "buy" rating and increased their price objective for the company from $200.00 to $245.00 in a report on Friday. Finally, Citigroup increased their price objective on Texas Instruments from $220.00 to $260.00 and gave the company a "buy" rating in a report on Monday, July 7th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Texas Instruments has a consensus rating of "Hold" and a consensus target price of $202.49.

Texas Instruments Trading Down 1.0%

TXN traded down $2.12 during mid-day trading on Monday, hitting $219.13. 1,615,681 shares of the stock were exchanged, compared to its average volume of 6,444,632. The firm's fifty day moving average is $194.11 and its two-hundred day moving average is $184.20. Texas Instruments has a 1-year low of $139.95 and a 1-year high of $221.69. 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 company has a market cap of $199.08 billion, a PE ratio of 41.55, a PEG ratio of 3.60 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the business earned $1.10 EPS. Texas Instruments's revenue was up 11.1% on a year-over-year basis. Equities analysts forecast that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Institutional Trading of Texas Instruments

Hedge funds have recently modified their holdings of the business. Brighton Jones LLC raised its holdings in Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock worth $3,158,000 after purchasing an additional 4,218 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Texas Instruments by 14.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock worth $25,942,000 after purchasing an additional 17,840 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in Texas Instruments by 69.0% during the fourth quarter. Proficio Capital Partners LLC now owns 3,834 shares of the semiconductor company's stock worth $719,000 after purchasing an additional 1,566 shares during the last quarter. one8zero8 LLC acquired a new position in Texas Instruments during the fourth quarter worth $263,000. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in Texas Instruments by 2.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 54,558 shares of the semiconductor company's stock worth $10,230,000 after purchasing an additional 1,399 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

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.