Texas Instruments (NASDAQ:TXN) PT Raised to $268.00

Texas Instruments (NASDAQ:TXN) had its price objective upped by equities research analysts at Evercore ISI from $255.00 to $268.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the semiconductor company’s stock. Evercore ISI’s price target suggests a potential upside of 33.56% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus increased their target price on Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Jefferies Financial Group increased their price objective on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, Citigroup raised their target price on Texas Instruments from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $200.59.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $200.66 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The firm has a market cap of $182.70 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 4.25 and a beta of 0.99. The firm has a fifty day moving average price of $197.22 and a 200 day moving average price of $183.14. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $210.84.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.87 EPS. As a group, sell-side analysts expect that Texas Instruments will post 5.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently modified their holdings of TXN. Tennessee Valley Asset Management Partners purchased a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments during the fourth quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Texas Instruments in the fourth quarter worth about $31,000. Finally, Westend Capital Management LLC purchased a new position in Texas Instruments in the first quarter valued at about $31,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.