Texas Instruments (NASDAQ:TXN) Upgraded at DZ Bank

Texas Instruments (NASDAQ:TXN - Get Free Report) was upgraded by equities researchers at DZ Bank from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The brokerage currently has a $163.00 target price on the semiconductor company's stock. DZ Bank's price target points to a potential upside of 3.45% from the stock's current price.

A number of other equities analysts have also weighed in on TXN. Stifel Nicolaus decreased their target price on Texas Instruments from $200.00 to $160.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. decreased their target price on Texas Instruments from $230.00 to $195.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Rosenblatt Securities reiterated a "buy" rating and set a $216.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. Benchmark reduced their price objective on Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Truist Financial dropped their target price on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $189.41.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded down $1.84 during midday trading on Friday, reaching $157.57. 1,823,434 shares of the company traded hands, compared to its average volume of 6,182,431. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments has a 12 month low of $139.95 and a 12 month high of $220.39. The firm has a market capitalization of $143.38 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The firm's fifty day moving average price is $172.66 and its two-hundred day moving average price is $187.11.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced 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 analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. On average, equities analysts expect that Texas Instruments will post 5.35 earnings per share for the current year.

Insider Transactions at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the transaction, the chairman now owns 409,089 shares in the company, valued at $80,872,804.41. The trade was a 19.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 in the last three months. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Texas Instruments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company's stock worth $17,544,800,000 after purchasing an additional 649,620 shares in the last quarter. Geode Capital Management LLC lifted its stake in Texas Instruments by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after acquiring an additional 267,352 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Texas Instruments by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company's stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares during the period. Norges Bank bought a new position in Texas Instruments during the 4th quarter valued at about $2,584,490,000. Finally, Alliancebernstein L.P. lifted its stake in Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after acquiring an additional 822,797 shares during the period. Institutional investors own 84.99% of the company's stock.

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.