Texas Instruments (NASDAQ:TXN) Upgraded to Hold at Arete Research

Texas Instruments (NASDAQ:TXN - Get Free Report) was upgraded by Arete Research to a "hold" rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other analysts have also issued reports on TXN. Morgan Stanley restated an "underweight" rating and issued a $148.00 target price (up previously from $146.00) on shares of Texas Instruments in a report on Thursday, April 24th. Argus raised Texas Instruments to a "strong-buy" rating in a research note on Friday, April 25th. Cantor Fitzgerald reduced their price target on shares of Texas Instruments from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Arete started coverage on shares of Texas Instruments in a research report on Thursday. They set a "neutral" rating and a $203.80 price objective on the stock. Finally, Barclays lowered shares of Texas Instruments from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $180.00 to $125.00 in a research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $191.49.

Texas Instruments Price Performance

TXN stock opened at $206.31 on Thursday. Texas Instruments has a one year low of $139.95 and a one year high of $220.39. The firm has a 50-day moving average of $181.40 and a two-hundred day moving average of $182.40. The firm has a market capitalization of $187.43 billion, a PE ratio of 39.15, a P/E/G ratio of 3.34 and a beta of 1.00. 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 (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, beating analysts' consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The firm's revenue was up 11.1% compared to the same quarter last year. On average, analysts forecast that Texas Instruments will post 5.35 earnings per share for the current year.

Institutional Trading of Texas Instruments

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Texas Instruments by 0.5% in the first quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company's stock worth $16,895,567,000 after purchasing an additional 453,683 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Texas Instruments by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company's stock worth $3,938,274,000 after purchasing an additional 428,356 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 worth $4,032,599,000 after purchasing an additional 267,352 shares during the last quarter. Norges Bank purchased a new position in Texas Instruments in the 4th quarter valued at about $2,584,490,000. Finally, Invesco Ltd. lifted its position in shares of Texas Instruments by 14.6% in the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company's stock valued at $2,448,335,000 after acquiring an additional 1,731,411 shares in the last quarter. 84.99% of the stock is currently owned by 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.

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