Texas Instruments (NASDAQ:TXN) Receives Buy Rating from Benchmark

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Benchmark in a report issued on Wednesday, Benzinga reports. They presently have a $230.00 target price on the semiconductor company’s stock. Benchmark’s price target would indicate a potential upside of 15.60% from the company’s current price.

Several other analysts have also recently weighed in on TXN. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research report on Wednesday, April 24th. Mizuho upped their price target on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Citigroup raised their price objective on Texas Instruments from $185.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Truist Financial upped their target price on shares of Texas Instruments from $167.00 to $203.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $197.14.

Texas Instruments Trading Up 0.3 %

Shares of TXN traded up $0.67 during mid-day trading on Wednesday, hitting $198.96. 4,022,545 shares of the company’s stock traded hands, compared to its average volume of 5,432,607. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $181.15 billion, a P/E ratio of 31.06, a PEG ratio of 4.46 and a beta of 0.99. The business’s 50-day moving average price is $197.80 and its 200-day moving average price is $179.29. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $210.84.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the previous year, the firm earned $1.87 EPS. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Texas Instruments will post 5.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Richard K. Templeton sold 100,440 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the transaction, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the sale, the chairman now directly owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 328,969 shares of company stock valued at $58,427,984. Company insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tennessee Valley Asset Management Partners bought a new position in shares of Texas Instruments during the 4th quarter valued at approximately $25,000. Life Planning Partners Inc bought a new stake in shares of Texas Instruments during the 4th quarter valued at $26,000. Richardson Financial Services Inc. purchased a new position in shares of Texas Instruments during the 4th quarter valued at $26,000. Scarborough Advisors LLC bought a new position in Texas Instruments in the 4th quarter worth $26,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in Texas Instruments in the 4th quarter worth $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.