Texas Instruments (NASDAQ:TXN) Raised to "Hold" at Seaport Res Ptn

Texas Instruments (NASDAQ:TXN - Get Free Report) was upgraded by equities researchers at Seaport Res Ptn from a "strong sell" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. Cowen restated a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. Citigroup restated a "buy" rating on shares of Texas Instruments in a research note on Tuesday. Cantor Fitzgerald restated a "neutral" rating on shares of Texas Instruments in a research note on Tuesday. UBS Group set a $255.00 price target on Texas Instruments in a research note on Tuesday. Finally, Sanford C. Bernstein upgraded Texas Instruments from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $204.87.

Texas Instruments Trading Down 0.9%

TXN opened at $214.57 on Monday. Texas Instruments has a 52 week low of $139.95 and a 52 week high of $221.69. The business has a fifty day simple moving average of $199.35 and a 200-day simple moving average of $185.23. The firm has a market cap of $194.93 billion, a P/E ratio of 40.72, a P/E/G ratio of 3.53 and a beta of 1.03. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $1.10 earnings per share. On average, equities analysts expect that Texas Instruments will post 5.35 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after acquiring an additional 4,218 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Texas Instruments by 14.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after acquiring an additional 17,840 shares during the last quarter. LPL Financial LLC raised its holdings in Texas Instruments by 5.6% in the 4th quarter. LPL Financial LLC now owns 630,922 shares of the semiconductor company's stock valued at $118,304,000 after acquiring an additional 33,403 shares during the last quarter. Woodmont Investment Counsel LLC raised its holdings in Texas Instruments by 8.2% in the 4th quarter. Woodmont Investment Counsel LLC now owns 1,406 shares of the semiconductor company's stock valued at $264,000 after acquiring an additional 106 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in Texas Instruments in the 4th quarter valued at $239,000. 84.99% of the stock is currently 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.

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