Texas Instruments (NASDAQ:TXN) Receives Neutral Rating from Cantor Fitzgerald

Texas Instruments (NASDAQ:TXN)‘s stock had its “neutral” rating restated by Cantor Fitzgerald in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $200.00 target price on the semiconductor company’s stock. Cantor Fitzgerald’s price objective indicates a potential downside of 0.26% from the stock’s previous close.

Several other research analysts also recently commented on TXN. Evercore ISI raised their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on Texas Instruments from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday. Susquehanna cut their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday. Finally, Jefferies Financial Group upped their price target on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $206.55.

Texas Instruments Trading Up 3.4 %

TXN stock traded up $6.55 during midday trading on Wednesday, reaching $200.52. The company’s stock had a trading volume of 5,212,644 shares, compared to its average volume of 5,455,366. The firm has a market capitalization of $183.08 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 4.32 and a beta of 0.98. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $214.66. 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 stock has a fifty day simple moving average of $203.31 and a two-hundred day simple moving average of $194.94.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the business posted $1.80 EPS. On average, equities research analysts predict that Texas Instruments will post 5.11 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total value of $251,328.00. Following the transaction, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,558 shares of company stock valued at $3,255,323. Insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norwood Financial Corp purchased a new stake in Texas Instruments in the 1st quarter worth approximately $32,000. Tsfg LLC lifted its stake in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the period. Tradewinds Capital Management LLC boosted its holdings in Texas Instruments by 71.1% during the first quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after buying an additional 101 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments during the third quarter valued at $43,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in Texas Instruments in the first quarter valued at $44,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.