Benchmark Reaffirms Buy Rating for Texas Instruments (NASDAQ:TXN)

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating reiterated by equities research analysts at Benchmark in a research note issued to investors on Friday,Benzinga reports. They currently have a $230.00 price target on the semiconductor company’s stock. Benchmark’s price target indicates a potential upside of 14.65% from the stock’s current price.

A number of other research analysts have also weighed in on TXN. Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Barclays dropped their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Susquehanna decreased 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 note on Monday, October 21st. Evercore ISI increased their price target on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Mizuho set a $200.00 price objective on Texas Instruments in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $210.45.

Texas Instruments Stock Performance

TXN opened at $200.61 on Friday. The company has a market cap of $183.00 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 3.84 and a beta of 0.98. The firm’s fifty day simple moving average is $193.80 and its two-hundred day simple moving average is $199.56. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. Texas Instruments has a 52-week low of $155.46 and a 52-week high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same quarter last year, the company posted $1.49 earnings per share. Equities analysts anticipate that Texas Instruments will post 5.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TXN. OFC Financial Planning LLC purchased a new position in Texas Instruments in the fourth quarter valued at $338,000. SeaBridge Investment Advisors LLC grew its position in Texas Instruments by 2.3% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 8,537 shares of the semiconductor company’s stock worth $1,601,000 after purchasing an additional 190 shares during the last quarter. Blossom Wealth Management raised its stake in Texas Instruments by 5.1% during the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock valued at $213,000 after acquiring an additional 55 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its stake in Texas Instruments by 30.4% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 19,367 shares of the semiconductor company’s stock valued at $3,632,000 after acquiring an additional 4,515 shares during the last quarter. Finally, Concord Wealth Partners grew its stake in shares of Texas Instruments by 3.5% in the 4th quarter. Concord Wealth Partners now owns 17,382 shares of the semiconductor company’s stock valued at $3,259,000 after purchasing an additional 587 shares during the last quarter. 84.99% of the stock is currently 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 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.