Mizuho Increases Texas Instruments (NASDAQ:TXN) Price Target to $170.00

Texas Instruments (NASDAQ:TXN) had its target price upped by equities researchers at Mizuho from $164.00 to $170.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. Mizuho’s target price indicates a potential upside of 2.74% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. TD Cowen boosted their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday. Barclays lowered their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 24th. Susquehanna lowered their price target on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Evercore ISI initiated coverage on shares of Texas Instruments in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $213.00 price target on the stock. Finally, Truist Financial boosted their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $178.95.

Texas Instruments Stock Up 1.2 %

TXN opened at $165.47 on Wednesday. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The stock has a market cap of $150.59 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 3.52 and a beta of 1.04. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $188.12. The company’s 50-day moving average price is $168.32 and its two-hundred day moving average price is $161.90.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The company’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.13 earnings per share. As a group, equities analysts expect that Texas Instruments will post 5.16 earnings per share for the current year.

Insider Transactions at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

A number of institutional investors have recently made changes to their positions in TXN. Annapolis Financial Services LLC boosted its stake in shares of Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of Texas Instruments in the 3rd quarter valued at $25,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Texas Instruments in the 4th quarter valued at $25,000. Life Planning Partners Inc purchased a new stake in shares of Texas Instruments in the 4th quarter valued at $26,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of Texas Instruments in the 4th quarter valued at $26,000. 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.