Texas Instruments (NASDAQ:TXN) Price Target Raised to $260.00

Texas Instruments (NASDAQ:TXN - Get Free Report) had its price target lifted by investment analysts at Citigroup from $220.00 to $260.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. Citigroup's price target would suggest a potential upside of 20.15% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the stock. Baird R W raised shares of Texas Instruments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Benchmark reduced their target price on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Mizuho set a $170.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. TD Cowen boosted their target price on shares of Texas Instruments from $160.00 to $200.00 and gave the company a "hold" rating in a research report on Wednesday, June 25th. Finally, Seaport Res Ptn raised shares of Texas Instruments to a "strong sell" rating in a research report on Wednesday, April 30th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $196.91.

Texas Instruments Stock Down 0.1%

TXN traded down $0.24 during trading on Monday, reaching $216.39. 5,229,655 shares of the stock were exchanged, compared to its average volume of 6,444,814. The stock has a market cap of $196.58 billion, a P/E ratio of 41.06, a price-to-earnings-growth ratio of 3.48 and a beta of 1.03. Texas Instruments has a twelve month low of $139.95 and a twelve month high of $220.39. The stock's 50 day moving average price is $190.62 and its two-hundred day moving average price is $183.68. 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 (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 earnings per share. Equities analysts expect that Texas Instruments will post 5.35 EPS for the current year.

Institutional Investors Weigh In On Texas Instruments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. Norges Bank bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $2,584,490,000. Nuveen LLC bought a new position in Texas Instruments in the first quarter worth $711,387,000. GAMMA Investing LLC raised its holdings in Texas Instruments by 21,778.6% in the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company's stock worth $614,938,000 after purchasing an additional 3,406,386 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Texas Instruments by 20.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company's stock worth $2,371,657,000 after purchasing an additional 2,257,086 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Texas Instruments by 2,898.0% in the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company's stock worth $397,940,000 after purchasing an additional 2,140,605 shares in the last quarter. 84.99% of the stock is currently owned by 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.