Texas Instruments (NASDAQ:TXN) Upgraded by TD Cowen to Buy Rating

Texas Instruments (NASDAQ:TXN - Get Free Report) was upgraded by investment analysts at TD Cowen from a "hold" rating to a "buy" rating in a report issued on Friday, MarketBeat.com reports. The brokerage currently has a $245.00 price target on the semiconductor company's stock. TD Cowen's price target points to a potential upside of 11.54% from the stock's previous close.

A number of other analysts also recently commented on the company. DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price objective for the company in a research report on Friday, April 25th. TD Securities reiterated a "hold" rating and issued a $160.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. KeyCorp raised their price objective on Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday. Arete began coverage on Texas Instruments in a research report on Thursday, June 26th. They issued a "neutral" rating and a $203.80 price objective for the company. Finally, Barclays cut Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $180.00 to $125.00 in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and a consensus price target of $202.08.

Texas Instruments Stock Up 1.5%

NASDAQ:TXN opened at $219.66 on Friday. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. Texas Instruments has a 1-year low of $139.95 and a 1-year high of $220.87. The business's fifty day moving average price is $192.98 and its 200 day moving average price is $184.11. The firm has a market capitalization of $199.55 billion, a price-to-earnings ratio of 41.68, a PEG ratio of 3.52 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating 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 28.75% and a net margin of 30.36%. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 EPS. On average, sell-side analysts forecast that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Texas Instruments

A number of institutional investors have recently bought and sold shares of TXN. Summit Securities Group LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at approximately $27,000. Cloud Capital Management LLC bought a new stake in shares of Texas Instruments in the first quarter valued at approximately $28,000. Copia Wealth Management bought a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $30,000. Dagco Inc. bought a new stake in shares of Texas Instruments in the first quarter valued at approximately $32,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of Texas Instruments by 67.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company's stock valued at $33,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 84.99% of the company's stock.

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.

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