Loop Capital initiated coverage on shares of Texas Instruments (NASDAQ:TXN) in a report published on Thursday, MarketBeat reports. The firm issued a buy rating and a $135.00 price target on the semiconductor company’s stock.
Several other equities analysts have also commented on TXN. BidaskClub lowered shares of Texas Instruments from a buy rating to a hold rating in a research note on Tuesday, June 19th. B. Riley increased their price objective on Texas Instruments from $110.00 to $115.00 and gave the company a neutral rating in a report on Wednesday, April 25th. ValuEngine raised Texas Instruments from a hold rating to a buy rating in a report on Wednesday, May 2nd. Royal Bank of Canada reissued a buy rating and issued a $125.00 price objective on shares of Texas Instruments in a report on Wednesday, April 25th. Finally, DZ Bank raised Texas Instruments from a hold rating to a buy rating in a report on Thursday, April 26th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $114.68.
Shares of Texas Instruments stock opened at $112.38 on Thursday. The company has a market capitalization of $109.75 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 2.19 and a beta of 1.28. 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 0.34, a quick ratio of 3.53 and a current ratio of 4.62.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.10. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.65 billion. Texas Instruments had a net margin of 26.39% and a return on equity of 43.73%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 earnings per share. analysts anticipate that Texas Instruments will post 5.34 EPS for the current fiscal year.
In other Texas Instruments news, VP Niels Anderskouv sold 20,191 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $110.13, for a total value of $2,223,634.83. Following the completion of the transaction, the vice president now owns 110,187 shares in the company, valued at $12,134,894.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin J. Ritchie sold 52,698 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $110.17, for a total value of $5,805,738.66. Following the completion of the transaction, the insider now owns 172,545 shares of the company’s stock, valued at approximately $19,009,282.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,484 shares of company stock valued at $19,325,083. Corporate insiders own 0.84% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC purchased a new position in Texas Instruments in the first quarter worth $106,000. Stelac Advisory Services LLC purchased a new position in Texas Instruments in the first quarter worth $110,000. Massey Quick Simon & CO. LLC raised its position in Texas Instruments by 89.7% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,066 shares of the semiconductor company’s stock worth $111,000 after acquiring an additional 504 shares in the last quarter. Risk Paradigm Group LLC purchased a new position in Texas Instruments in the fourth quarter worth $138,000. Finally, Perigon Wealth Management LLC raised its position in Texas Instruments by 1,680.3% in the first quarter. Perigon Wealth Management LLC now owns 1,353 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 1,277 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.
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.
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