Texas Instruments (NASDAQ:TXN)‘s stock had its “in-line” rating reaffirmed by Credit Suisse Group in a research note issued on Tuesday, The Fly reports. They currently have a $125.00 target price on the semiconductor company’s stock, up from their previous target price of $110.00. Credit Suisse Group’s price target indicates a potential upside of 10.89% from the stock’s previous close.
A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Monday. Royal Bank of Canada reissued a “buy” rating and set a $112.00 price objective on shares of Texas Instruments in a research note on Thursday, January 4th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Morgan Stanley raised their price objective on shares of Texas Instruments from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Finally, KeyCorp reissued a “hold” rating on shares of Texas Instruments in a research note on Friday, November 24th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $96.06.
Texas Instruments (TXN) opened at $112.72 on Tuesday. Texas Instruments has a 1-year low of $73.87 and a 1-year high of $113.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96. The stock has a market cap of $111,092.38, a PE ratio of 26.34, a price-to-earnings-growth ratio of 2.57 and a beta of 1.27.
Texas Instruments announced that its Board of Directors has initiated a share buyback program on Thursday, September 21st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 74% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
In other Texas Instruments news, Director Mark A. Blinn sold 16,990 shares of Texas Instruments stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.44, for a total value of $1,638,515.60. Following the transaction, the director now owns 18,495 shares in the company, valued at approximately $1,783,657.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider R Gregory Delagi sold 238,750 shares of Texas Instruments stock in a transaction on Monday, November 6th. The shares were sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the completion of the transaction, the insider now owns 189,234 shares in the company, valued at approximately $18,438,960.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,362,293 shares of company stock worth $131,754,396. 0.96% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in TXN. BerganKDV Wealth Management LLC lifted its holdings in shares of Texas Instruments by 53.3% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 12,034 shares of the semiconductor company’s stock valued at $1,079,000 after acquiring an additional 4,182 shares in the last quarter. Ingalls & Snyder LLC lifted its holdings in shares of Texas Instruments by 9.6% during the 3rd quarter. Ingalls & Snyder LLC now owns 12,600 shares of the semiconductor company’s stock valued at $1,129,000 after acquiring an additional 1,100 shares in the last quarter. PGGM Investments lifted its holdings in shares of Texas Instruments by 102.8% during the 3rd quarter. PGGM Investments now owns 956,619 shares of the semiconductor company’s stock valued at $85,751,000 after acquiring an additional 484,906 shares in the last quarter. Sather Financial Group Inc acquired a new position in shares of Texas Instruments during the 2nd quarter valued at $600,000. Finally, Prudential PLC lifted its holdings in shares of Texas Instruments by 62.3% during the 2nd quarter. Prudential PLC now owns 26,520 shares of the semiconductor company’s stock valued at $2,040,000 after acquiring an additional 10,175 shares in the last quarter. Institutional investors own 83.85% of the company’s stock.
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About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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