Texas Instruments (NASDAQ:TXN) Coverage Initiated at Wells Fargo & Company

Equities research analysts at Wells Fargo & Company started coverage on shares of Texas Instruments (NASDAQ:TXN) in a research note issued to investors on Friday, Marketbeat reports. The brokerage set an “equal weight” rating and a $215.00 price target on the semiconductor company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 8.59% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Susquehanna reduced their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Evercore ISI increased their target price on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Barclays decreased their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Truist Financial lowered their price objective on Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Finally, Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $210.05.

Texas Instruments Price Performance

Shares of TXN opened at $198.00 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The stock has a market cap of $180.62 billion, a PE ratio of 36.80, a P/E/G ratio of 4.33 and a beta of 0.99. The firm has a 50-day simple moving average of $204.45 and a two-hundred day simple moving average of $200.38. Texas Instruments has a 1-year low of $151.27 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the business posted $1.80 EPS. Texas Instruments’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, analysts forecast that Texas Instruments will post 5.08 EPS for the current year.

Insider Transactions at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,968 shares of company stock worth $3,126,464 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp grew its position in shares of Texas Instruments by 0.9% in the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock valued at $8,609,679,000 after purchasing an additional 391,306 shares during the last quarter. Geode Capital Management LLC grew its holdings in Texas Instruments by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after buying an additional 487,892 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Texas Instruments by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock worth $3,976,562,000 after buying an additional 782,053 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Texas Instruments by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock worth $1,664,998,000 after acquiring an additional 36,441 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Texas Instruments by 0.8% in the second quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock valued at $1,523,415,000 after acquiring an additional 64,067 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.