Analysts Set Texas Instruments (TXN) Price Target at $109.96

Texas Instruments (NASDAQ:TXN) has been assigned a consensus rating of “Buy” from the thirty-three brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $109.96.

TXN has been the subject of a number of research analyst reports. Citigroup reaffirmed a “buy” rating and issued a $135.00 price target (up previously from $110.00) on shares of Texas Instruments in a research note on Wednesday, January 24th. Mizuho reaffirmed a “buy” rating and issued a $107.00 price target (up previously from $96.00) on shares of Texas Instruments in a research note on Tuesday, January 23rd. Drexel Hamilton reaffirmed a “buy” rating and issued a $130.00 price target (up previously from $110.00) on shares of Texas Instruments in a research note on Tuesday, January 23rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $112.00 price target on shares of Texas Instruments in a research note on Thursday, January 4th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $130.00 price target on shares of Texas Instruments in a research note on Friday, January 19th.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ:TXN traded down $1.91 during trading on Friday, reaching $99.38. 5,123,330 shares of the company traded hands, compared to its average volume of 6,158,162. The firm has a market cap of $103,642.02, a PE ratio of 23.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. Texas Instruments has a 52-week low of $75.92 and a 52-week high of $120.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.00 and a current ratio of 3.87.



Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, hitting analysts’ consensus estimates of $1.09. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. research analysts predict that Texas Instruments will post 4.99 EPS for the current year.

In other news, VP Haviv Ilan sold 23,831 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $110.36, for a total transaction of $2,629,989.16. Following the completion of the transaction, the vice president now directly owns 131,153 shares in the company, valued at $14,474,045.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cynthia Hoff Trochu sold 3,574 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $110.65, for a total value of $395,463.10. Following the transaction, the senior vice president now owns 68,918 shares of the company’s stock, valued at $7,625,776.70. The disclosure for this sale can be found here. Insiders have sold 757,632 shares of company stock valued at $83,306,399 over the last 90 days. Corporate insiders own 0.84% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Carroll Financial Associates Inc. boosted its position in shares of Texas Instruments by 22.1% during the fourth quarter. Carroll Financial Associates Inc. now owns 2,515 shares of the semiconductor company’s stock valued at $262,000 after buying an additional 455 shares during the last quarter. Charter Trust Co. boosted its position in shares of Texas Instruments by 1.2% during the fourth quarter. Charter Trust Co. now owns 39,470 shares of the semiconductor company’s stock valued at $4,122,000 after buying an additional 479 shares during the last quarter. Patriot Wealth Management Inc. boosted its position in shares of Texas Instruments by 1.7% during the fourth quarter. Patriot Wealth Management Inc. now owns 29,234 shares of the semiconductor company’s stock valued at $3,053,000 after buying an additional 497 shares during the last quarter. Corient Capital Partners LLC boosted its position in shares of Texas Instruments by 7.3% during the fourth quarter. Corient Capital Partners LLC now owns 7,403 shares of the semiconductor company’s stock valued at $773,000 after buying an additional 504 shares during the last quarter. Finally, FTB Advisors Inc. boosted its position in shares of Texas Instruments by 5.1% during the fourth quarter. FTB Advisors Inc. now owns 10,644 shares of the semiconductor company’s stock valued at $1,115,000 after buying an additional 515 shares during the last quarter. 85.15% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Analysts Set Texas Instruments (TXN) Price Target at $109.96” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://stocknewstimes.com/2018/04/20/analysts-set-texas-instruments-txn-price-target-at-109-96.html.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply