Texas Instruments (NASDAQ:TXN) Given New $230.00 Price Target at Benchmark

Texas Instruments (NASDAQ:TXN) had its price target boosted by research analysts at Benchmark from $210.00 to $230.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price objective would suggest a potential upside of 17.63% from the stock’s previous close.

Other analysts also recently issued reports about the company. Robert W. Baird lifted their price target on Texas Instruments from $125.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Wells Fargo & Company began coverage on Texas Instruments in a report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price for the company. Citigroup boosted their target price on Texas Instruments from $167.00 to $185.00 and gave the company a “neutral” rating in a report on Monday, May 13th. The Goldman Sachs Group boosted their target price on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Finally, Cantor Fitzgerald boosted their target price on Texas Instruments from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $183.43.

Texas Instruments Stock Up 1.4 %

Shares of NASDAQ TXN opened at $195.53 on Friday. The company has a market capitalization of $178.03 billion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 4.18 and a beta of 1.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76. The business has a 50-day moving average of $187.33 and a two-hundred day moving average of $174.02. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $206.00.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. Texas Instruments’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 EPS. On average, analysts forecast that Texas Instruments will post 5.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert E. Sanchez sold 10,539 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $178.68, for a total transaction of $18,582,720.00. Following the sale, the chairman now owns 403,851 shares in the company, valued at approximately $72,160,096.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the sale, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold a total of 328,969 shares of company stock worth $58,427,984 in the last quarter. Company insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Texas Instruments by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock worth $15,778,648,000 after purchasing an additional 536,206 shares during the period. Capital Research Global Investors raised its position in shares of Texas Instruments by 4.7% in the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after buying an additional 1,279,828 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Texas Instruments by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after buying an additional 1,154,513 shares during the period. Morgan Stanley raised its position in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after buying an additional 1,755,582 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Texas Instruments by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after buying an additional 1,095,303 shares during the period. Hedge funds and other institutional investors 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.