KeyCorp Increases Texas Instruments (NASDAQ:TXN) Price Target to $250.00

Texas Instruments (NASDAQ:TXN) had its price target raised by stock analysts at KeyCorp from $200.00 to $250.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s price target suggests a potential upside of 26.81% from the company’s current price.

Several other research firms have also weighed in on TXN. The Goldman Sachs Group lifted their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Evercore ISI increased their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Benchmark raised their target price on Texas Instruments from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Oppenheimer reaffirmed a “market perform” rating on shares of Texas Instruments in a research note on Wednesday, April 24th. Finally, Mizuho boosted their price objective on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $198.64.

Texas Instruments Price Performance

TXN stock opened at $197.15 on Wednesday. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. The firm has a market cap of $179.50 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 4.30 and a beta of 0.99. The company’s fifty day simple moving average is $197.90 and its 200 day simple moving average is $179.55. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $210.84.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a return on equity of 31.27% and a net margin of 33.01%. The firm’s revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.87 EPS. On average, analysts expect that Texas Instruments will post 5.13 earnings per share for the current year.

Insider Activity

In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now directly owns 33,348 shares in the company, valued at $5,973,293.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Richard K. Templeton sold 104,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $175.83, for a total value of $18,286,320.00. Following the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $71,009,121.33. The disclosure for this sale can be found here. Insiders sold a total of 328,969 shares of company stock valued at $58,427,984 in the last ninety days. 0.68% of the stock is currently owned by insiders.

Institutional Trading of Texas Instruments

A number of institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in Texas Instruments during the 4th quarter valued at $1,649,592,000. Van ECK Associates Corp raised its stake in shares of Texas Instruments by 54.3% during the 1st quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after purchasing an additional 1,972,304 shares during the period. California Public Employees Retirement System lifted its holdings in Texas Instruments by 33.2% during the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Texas Instruments by 338.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after purchasing an additional 1,385,725 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in Texas Instruments by 4.7% in the 1st quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares during the period. 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.