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

Texas Instruments (NASDAQ:TXN - Get Free Report) had its target price raised by stock analysts at Citigroup from $220.00 to $260.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Citigroup's price target points to a potential upside of 18.15% from the company's current price.

A number of other brokerages have also recently commented on TXN. Sanford C. Bernstein raised Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Rosenblatt Securities restated a "buy" rating and set a $216.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Cantor Fitzgerald cut their price objective on Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. KeyCorp cut their price objective on Texas Instruments from $250.00 to $215.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company set a $190.00 price target on Texas Instruments and gave the stock an "equal weight" rating in a research report on Monday, June 16th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $200.20.

Texas Instruments Stock Performance

Shares of TXN stock traded up $3.68 on Monday, reaching $220.07. The stock had a trading volume of 805,443 shares, compared to its average volume of 7,240,502. The stock has a market cap of $199.93 billion, a P/E ratio of 41.72, a price-to-earnings-growth ratio of 3.53 and a beta of 1.03. Texas Instruments has a 1 year low of $139.95 and a 1 year high of $220.38. 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 company has a 50 day simple moving average of $191.75 and a 200 day simple moving average of $183.91.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The company's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. Equities research analysts expect that Texas Instruments will post 5.35 EPS for the current year.

Institutional Investors Weigh In On Texas Instruments

Hedge funds have recently made changes to their positions in the stock. Trivium Point Advisory LLC raised its stake in Texas Instruments by 4.5% in the first quarter. Trivium Point Advisory LLC now owns 1,256 shares of the semiconductor company's stock valued at $226,000 after buying an additional 54 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management raised its stake in Texas Instruments by 1.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock valued at $598,000 after buying an additional 56 shares during the last quarter. Trillium Asset Management LLC raised its stake in Texas Instruments by 2.8% in the first quarter. Trillium Asset Management LLC now owns 2,100 shares of the semiconductor company's stock valued at $377,000 after buying an additional 57 shares during the last quarter. Voya Financial Advisors Inc. raised its stake in Texas Instruments by 1.6% in the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after buying an additional 58 shares during the last quarter. Finally, Aspen Investment Management Inc raised its stake in Texas Instruments by 1.6% in the first quarter. Aspen Investment Management Inc now owns 3,695 shares of the semiconductor company's stock valued at $664,000 after buying an additional 58 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.