Morgan Stanley Boosts Texas Instruments (NASDAQ:TXN) Price Target to $167.00

Texas Instruments (NASDAQ:TXN) had its price target increased by investment analysts at Morgan Stanley from $154.00 to $167.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “underweight” rating on the semiconductor company’s stock. Morgan Stanley’s price target points to a potential downside of 13.90% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Mizuho set a $200.00 target price on Texas Instruments in a research report on Friday, October 18th. Robert W. Baird increased their target price on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Jefferies Financial Group increased their target price on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, Summit Insights upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $205.95.

Texas Instruments Stock Down 0.9 %

Shares of NASDAQ:TXN opened at $193.97 on Wednesday. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $214.66. The stock’s fifty day simple moving average is $203.31 and its 200-day simple moving average is $194.94. The company has a market capitalization of $177.10 billion, a P/E ratio of 33.68, a P/E/G ratio of 4.32 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the prior year, the business earned $1.87 earnings per share. The business’s revenue was down 15.6% on a year-over-year basis. As a group, equities research analysts forecast that Texas Instruments will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 in the last 90 days. 0.68% of the stock is owned by corporate insiders.

Institutional Trading of Texas Instruments

Several hedge funds have recently made changes to their positions in TXN. AdvisorNet Financial Inc raised its stake in Texas Instruments by 58.6% during the 1st quarter. AdvisorNet Financial Inc now owns 1,718 shares of the semiconductor company’s stock valued at $299,000 after acquiring an additional 635 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Texas Instruments during the 1st quarter valued at $3,047,000. Sound Income Strategies LLC raised its stake in Texas Instruments by 21.8% during the 1st quarter. Sound Income Strategies LLC now owns 1,007 shares of the semiconductor company’s stock valued at $176,000 after acquiring an additional 180 shares in the last quarter. Brookstone Capital Management raised its stake in Texas Instruments by 5.7% during the 1st quarter. Brookstone Capital Management now owns 17,642 shares of the semiconductor company’s stock valued at $3,073,000 after acquiring an additional 955 shares in the last quarter. Finally, Aspiriant LLC increased its position in shares of Texas Instruments by 10.7% during the 1st quarter. Aspiriant LLC now owns 1,710 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 165 shares during the period. Institutional investors own 84.99% of the company’s stock.

About Texas Instruments

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.