Texas Instruments Incorporated (NASDAQ:TXN) Received Consensus “Hold” Recommendation by Brokers


Texas Instruments Incorporated (NASDAQ:TXN) has earned a consensus rating of “Hold” from the twenty-four rating agencies that currently cover the stock, Marketbeat.com reports. Two research analysts gave the stock a sell rating, ten gave the company a hold rating and eleven gave the company a buy rating. The 12-month average price target among analysts who have reported on the stock over the past year is $208.05.

A number of research companies have recently published reports on TXN. Citigroup downgraded Texas Instruments shares from a “buy” rating to a “neutral” rating and lowered its price target for the company from $220.00 to $187.00 in a Friday, January 7 research note . KeyCorp raised its price target on Texas Instruments stock from $240.00 to $250.00 and gave the company an “overweight” rating in a Wednesday, Oct. 27 research note. Truist Financial raised its price target on Texas Instruments shares from $200.00 to $208.00 and gave the company a “holding” rating in a Wednesday, Oct. 27 research note. Morgan Stanley raised its price target on Texas Instruments shares from $193.00 to $195.00 and gave the company an “underweight” rating in a Wednesday, Oct. 27 research note. Finally, Rosenblatt Securities reiterated a “buy” rating on Texas Instruments shares in a Wednesday, Oct. 27 research note.

TXN shares opened at $182.28 on Wednesday. The company has a debt ratio of 0.60, a current ratio of 5.63 and a quick ratio of 4.86. The company has a market capitalization of $168.34 billion, a P/E ratio of 23.40, a P/E/G ratio of 2.44 and a beta of 0.92. The company’s 50-day simple moving average is $189.82 and its two-hundred-day simple moving average is $190.79. Texas Instruments has a one-year low of $161.67 and a one-year high of $202.26.

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Texas Instruments Inc (NASDAQ:TXN) last reported results on Tuesday, October 26. The semiconductor company reported EPS of $2.07 for the quarter, beating the Zacks consensus estimate of $2.06 by $0.01. The company posted revenue of $4.64 billion for the quarter, versus a consensus estimate of $4.67 billion. Texas Instruments had a net margin of 41.61% and a return on equity of 68.63%. The company’s revenue for the quarter increased by 21.5% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $1.45. On average, research analysts expect Texas Instruments to post EPS of 7.94 for the current fiscal year.

Separately, Vice President Ahmad Bahai sold 4,250 shares of the company in a transaction on Monday, November 15. The shares were sold at an average price of $189.49, for a total transaction of $805,332.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, Vice Chairman Mark Gary sold 4,991 shares of the company in a trade on Thursday, November 4. The stock was sold at an average price of $190.00, for a total transaction of $948,290.00. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 57,241 shares of the company valued at $10,772,343. Company insiders own 0.61% of the company’s shares.

Several institutional investors have recently changed their holdings in TXN. Wellington Management Group LLP increased its position in Texas Instruments by 24.7% during the third quarter. Wellington Management Group LLP now owns 23,687,105 shares of the semiconductor company valued at $4,552,898,000 after purchasing an additional 4,689,046 shares during the period. Amundi acquired a new stake in Texas Instruments during the second quarter at a value of $572,588,000. Nordea Investment Management AB increased its position in Texas Instruments by 99.1% during the third quarter. Nordea Investment Management AB now owns 4,380,006 shares of the semiconductor company valued at $849,962,000 after purchasing an additional 2,180,174 shares during the period. BlackRock Inc. increased its position in Texas Instruments by 2.6% during the third quarter. BlackRock Inc. now owns 72,899,263 shares of the semiconductor company valued at $14,011,966,000 after purchasing an additional 1,871,544 shares during the period. Finally, Marathon Asset Mgmt Ltd acquired a new stake in Texas Instruments during the third quarter at a value of $234,743,000. 82.56% of the shares are held by hedge funds and other institutional investors.

Texas Instruments Company Profile

Texas Instruments Incorporated engages in the design, manufacture, testing, and sale of analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and computer systems. business. It operates through the following segments: Analog and Embedded Processing.

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Analyst Recommendations for Texas Instruments (NASDAQ: TXN)

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