Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Texas Instruments from a sell rating to a buy rating and set a $80.00 target price on the stock in a report on Wednesday, July 27th. MKM Partners increased their target price on Texas Instruments from $59.00 to $70.00 and gave the stock a neutral rating in a report on Tuesday, July 26th. Cowen and Company increased their target price on Texas Instruments from $60.00 to $69.00 and gave the stock an outperform rating in a report on Tuesday, July 26th. Drexel Hamilton raised their price target on Texas Instruments from $71.00 to $82.00 and gave the stock a buy rating in a report on Tuesday, July 26th. Finally, Sanford C. Bernstein raised their price target on Texas Instruments from $60.00 to $70.00 and gave the stock a market perform rating in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have given a buy rating to the stock. Texas Instruments presently has a consensus rating of Hold and an average price target of $68.44.
Texas Instruments (NASDAQ:TXN) traded down 0.23% during mid-day trading on Friday, reaching $70.02. The company’s stock had a trading volume of 450,678 shares. The firm has a 50 day moving average price of $69.41 and a 200-day moving average price of $63.21. The company has a market capitalization of $70.24 billion, a PE ratio of 23.59 and a beta of 1.32. Texas Instruments has a 1-year low of $46.73 and a 1-year high of $72.58.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Monday, July 25th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. Texas Instruments had a return on equity of 30.14% and a net margin of 23.89%. The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the business posted $0.65 EPS. Texas Instruments’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Texas Instruments will post $3.06 EPS for the current fiscal year.
In other news, insider Brian T. Crutcher sold 180,528 shares of Texas Instruments stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $70.53, for a total value of $12,732,639.84. Following the transaction, the insider now directly owns 504,689 shares in the company, valued at $35,595,715.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bing Xie sold 11,565 shares of Texas Instruments stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $69.12, for a total value of $799,372.80. Following the completion of the transaction, the insider now owns 187,370 shares in the company, valued at $12,951,014.40. The disclosure for this sale can be found here. 1.02% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of TXN. NN Investment Partners Holdings N.V. acquired a new position in Texas Instruments during the first quarter worth approximately $20,852,000. Findlay Park Partners LLP raised its position in shares of Texas Instruments by 19.3% in the first quarter. Findlay Park Partners LLP now owns 1,889,157 shares of the company’s stock valued at $108,475,000 after buying an additional 305,877 shares in the last quarter. Columbia Partners L L C Investment Management purchased a new position in shares of Texas Instruments during the first quarter valued at about $1,144,000. Peapack Gladstone Financial Corp raised its position in shares of Texas Instruments by 70.8% in the first quarter. Peapack Gladstone Financial Corp now owns 43,448 shares of the company’s stock valued at $2,495,000 after buying an additional 18,010 shares in the last quarter. Finally, Sentry Investment Management LLC raised its position in shares of Texas Instruments by 1.5% in the first quarter. Sentry Investment Management LLC now owns 79,465 shares of the company’s stock valued at $4,563,000 after buying an additional 1,201 shares in the last quarter. Institutional investors and hedge funds own 86.89% of the company’s stock.
About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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