Texas Instruments (NASDAQ:TXN) PT Raised to $185.00 at Jefferies Financial Group

Texas Instruments (NASDAQ:TXN) had its price target upped by research analysts at Jefferies Financial Group from $175.00 to $185.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the semiconductor company’s stock. Jefferies Financial Group’s price objective would suggest a potential downside of 6.16% from the company’s current price.

TXN has been the topic of several other research reports. Benchmark raised their price target on shares of Texas Instruments from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Barclays lifted their price target on Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, May 20th. Stifel Nicolaus increased their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. The Goldman Sachs Group boosted their price objective on Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. Finally, Truist Financial increased their target price on Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $198.64.

Texas Instruments Stock Performance

Shares of TXN stock opened at $197.15 on Wednesday. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $210.84. 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 stock has a market cap of $179.50 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 4.30 and a beta of 0.99. The business has a 50-day simple moving average of $197.90 and a 200-day simple moving average of $179.55.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results 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. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.27% and a net margin of 33.01%. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 earnings per share. On average, equities analysts expect that Texas Instruments will post 5.13 EPS for the current year.

Insider Activity

In other news, Director Robert E. Sanchez sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at approximately $3,580,061.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total transaction of $1,844,008.83. Following the completion of the sale, the director now directly owns 20,461 shares in the company, valued at $3,580,061.17. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 in the last 90 days. Company insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

Several institutional investors have recently added to or reduced their stakes in the stock. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments in the fourth quarter valued at $25,000. Life Planning Partners Inc acquired a new position in Texas Instruments in the 4th quarter valued at about $26,000. Richardson Financial Services Inc. purchased a new stake in Texas Instruments during the fourth quarter worth about $26,000. Scarborough Advisors LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth about $26,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Texas Instruments in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.