The Texas Instruments (TXN) Target Price Boosted to $110.00 at Deutsche Bank

The Texas Instruments (TXN) Target Price Boosted  to $110.00 at Deutsche Bank

Texas Instruments (NASDAQ:TXN) had its target price raised by investment analysts at Deutsche Bank from $100.00 to $110.00 in a research note issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a “hold” rating on the semiconductor company’s stock. Deutsche Bank’s price objective suggests a potential downside of 6.12% from the company’s current price.

A number of other analysts also recently commented on the company. Sanford C. Bernstein downgraded Texas Instruments from an “outperform” rating to a “market perform” rating and set a $108.00 price target for the company. in a research report on Monday, March 25th. BidaskClub raised Texas Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. Bank of America downgraded Texas Instruments from a “buy” rating to a “neutral” rating and set a $89.50 price target for the company. in a research report on Friday, January 4th. Zacks Investment Research downgraded Texas Instruments from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Finally, ValuEngine downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $112.18.

Shares of TXN opened at $117.17 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.27 and a quick ratio of 2.38. The company has a market cap of $109.24 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 2.21 and a beta of 1.17. Texas Instruments has a 12 month low of $87.70 and a 12 month high of $119.32.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.09. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.48 billion. Texas Instruments had a return on equity of 53.37% and a net margin of 34.84%. Texas Instruments’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the business posted $1.35 earnings per share. On average, equities research analysts predict that Texas Instruments will post 5.19 EPS for the current year.

In other news, Chairman Richard K. Templeton sold 90,842 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $101.14, for a total value of $9,187,759.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Blinn sold 6,648 shares of the firm’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $102.86, for a total value of $683,813.28. Following the completion of the transaction, the director now directly owns 13,770 shares of the company’s stock, valued at $1,416,382.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 225,023 shares of company stock valued at $23,320,068. 0.89% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. HNP Capital LLC raised its position in shares of Texas Instruments by 1.3% in the first quarter. HNP Capital LLC now owns 7,590 shares of the semiconductor company’s stock worth $805,000 after buying an additional 95 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Texas Instruments by 3.4% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,000 shares of the semiconductor company’s stock worth $284,000 after buying an additional 100 shares in the last quarter. Northwest Bancshares Inc. raised its position in shares of Texas Instruments by 3.3% in the first quarter. Northwest Bancshares Inc. now owns 3,156 shares of the semiconductor company’s stock worth $335,000 after buying an additional 100 shares in the last quarter. Trust Co. of Vermont raised its position in shares of Texas Instruments by 1.0% in the fourth quarter. Trust Co. of Vermont now owns 10,811 shares of the semiconductor company’s stock worth $1,022,000 after buying an additional 102 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its position in shares of Texas Instruments by 0.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 17,387 shares of the semiconductor company’s stock worth $1,868,000 after buying an additional 102 shares in the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.

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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