Evercore ISI Initiates Coverage on Texas Instruments (NASDAQ:TXN)

Evercore ISI started coverage on shares of Texas Instruments (NASDAQ:TXN) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The firm issued an outperform rating and a $213.00 price target on the semiconductor company’s stock.

Other equities research analysts have also issued reports about the stock. Rosenblatt Securities reiterated a buy rating and issued a $190.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 23rd. Barclays cut their price objective on Texas Instruments from $160.00 to $150.00 and set an equal weight rating for the company in a research report on Wednesday, January 24th. UBS Group upgraded Texas Instruments from a neutral rating to a buy rating and lifted their price objective for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. KeyCorp lifted their price objective on Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a research report on Wednesday, January 24th. Finally, Susquehanna lowered their price target on Texas Instruments from $205.00 to $200.00 and set a positive rating for the company in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average target price of $176.68.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $163.67 on Tuesday. The firm has a market capitalization of $148.95 billion, a P/E ratio of 23.18, a PEG ratio of 3.61 and a beta of 1.04. Texas Instruments has a one year low of $139.48 and a one year high of $188.12. The company’s fifty day moving average is $168.16 and its two-hundred day moving average is $161.72. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The business’s revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 EPS. Analysts forecast that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insider Activity

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors have recently made changes to their positions in TXN. Salem Investment Counselors Inc. grew its stake in Texas Instruments by 16.8% during the 1st quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company’s stock worth $77,000 after buying an additional 60 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Texas Instruments by 2.8% during the first quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company’s stock worth $416,000 after acquiring an additional 61 shares during the last quarter. Chemistry Wealth Management LLC increased its holdings in shares of Texas Instruments by 5.2% in the 1st quarter. Chemistry Wealth Management LLC now owns 1,254 shares of the semiconductor company’s stock worth $218,000 after acquiring an additional 62 shares during the period. Polar Capital Holdings Plc grew its position in Texas Instruments by 0.6% in the 1st quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company’s stock worth $1,802,000 after purchasing an additional 63 shares during the last quarter. Finally, Field & Main Bank increased its stake in shares of Texas Instruments by 10.4% in the fourth quarter. Field & Main Bank now owns 693 shares of the semiconductor company’s stock valued at $118,000 after purchasing an additional 65 shares during the period. 84.99% of the stock is currently owned by 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.