Morgan Stanley Boosts Texas Instruments (NASDAQ:TXN) Price Target to $176.00

Texas Instruments (NASDAQ:TXN) had its price target raised by equities researchers at Morgan Stanley from $162.00 to $176.00 in a research note issued on Monday, Stock Target Advisor reports. The firm presently has an “underweight” rating on the semiconductor company’s stock. Morgan Stanley’s target price suggests a potential downside of 8.28% from the company’s current price.

Other research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Texas Instruments from $150.00 to $170.00 and gave the stock a “hold” rating in a research note on Wednesday, January 27th. Longbow Research raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a research note on Monday, March 29th. Barclays lifted their price target on shares of Texas Instruments from $140.00 to $155.00 and gave the company an “underweight” rating in a research note on Tuesday, January 26th. They noted that the move was a valuation call. Mizuho lifted their price target on shares of Texas Instruments from $162.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, January 27th. Finally, Jefferies Financial Group lifted their price target on shares of Texas Instruments from $185.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, January 27th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. Texas Instruments has a consensus rating of “Hold” and an average target price of $170.14.

Texas Instruments stock traded down $3.55 during midday trading on Monday, hitting $191.88. 129,341 shares of the stock were exchanged, compared to its average volume of 4,753,050. The company has a fifty day simple moving average of $178.71 and a two-hundred day simple moving average of $164.47. Texas Instruments has a 52 week low of $105.30 and a 52 week high of $197.58. The stock has a market capitalization of $176.58 billion, a PE ratio of 36.29, a P/E/G ratio of 3.10 and a beta of 1.06. The company has a quick ratio of 3.29, a current ratio of 4.24 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Monday, January 25th. The semiconductor company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.30. Texas Instruments had a net margin of 36.24% and a return on equity of 61.05%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the firm earned $1.11 EPS. Texas Instruments’s quarterly revenue was up 21.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Texas Instruments will post 5.48 EPS for the current fiscal year.

In other Texas Instruments news, Director Mark A. Blinn sold 4,703 shares of Texas Instruments stock in a transaction on Thursday, January 28th. The shares were sold at an average price of $165.25, for a total transaction of $777,170.75. Following the completion of the transaction, the director now directly owns 12,491 shares of the company’s stock, valued at $2,064,137.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Haren Julie Van sold 23,733 shares of Texas Instruments stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $169.73, for a total transaction of $4,028,202.09. Following the transaction, the vice president now directly owns 23,781 shares of the company’s stock, valued at $4,036,349.13. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 544,325 shares of company stock worth $92,809,465. 0.73% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in TXN. Wealth Alliance boosted its position in shares of Texas Instruments by 2.6% in the third quarter. Wealth Alliance now owns 9,553 shares of the semiconductor company’s stock valued at $1,364,000 after acquiring an additional 238 shares during the period. OLD Mission Capital LLC bought a new stake in shares of Texas Instruments in the third quarter valued at about $207,000. Cubist Systematic Strategies LLC boosted its position in shares of Texas Instruments by 33.4% in the third quarter. Cubist Systematic Strategies LLC now owns 18,110 shares of the semiconductor company’s stock valued at $2,586,000 after acquiring an additional 4,537 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Texas Instruments by 9.9% in the third quarter. Great West Life Assurance Co. Can now owns 1,304,622 shares of the semiconductor company’s stock valued at $186,264,000 after acquiring an additional 117,135 shares during the period. Finally, IHT Wealth Management LLC boosted its position in shares of Texas Instruments by 10.9% in the third quarter. IHT Wealth Management LLC now owns 14,507 shares of the semiconductor company’s stock valued at $2,072,000 after acquiring an additional 1,431 shares during the period. 83.12% of the stock is owned by hedge funds and other institutional investors.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

Recommended Story: Support Level

Stock Target Advisor

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.