Texas Instruments (NASDAQ:TXN) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Texas Instruments (NASDAQ:TXN - Get Free Report) in a research note issued on Friday, Marketbeat.com reports. The firm set an "equal weight" rating and a $215.00 price target on the semiconductor company's stock. Wells Fargo & Company's price objective suggests a potential upside of 8.59% from the company's previous close.

A number of other analysts have also weighed in on TXN. Summit Insights upgraded Texas Instruments from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Bank of America decreased their price objective on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Benchmark reiterated a "buy" rating and issued a $230.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Citigroup upgraded shares of Texas Instruments from a "neutral" rating to a "buy" rating and raised their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of "Hold" and a consensus price target of $210.05.

Texas Instruments Trading Down 0.1 %

TXN stock traded down $0.20 during midday trading on Friday, reaching $198.00. 7,861,275 shares of the company traded hands, compared to its average volume of 5,550,434. The firm has a market capitalization of $180.62 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 4.40 and a beta of 0.99. Texas Instruments has a 52-week low of $151.27 and a 52-week high of $220.38. The business has a 50 day moving average of $204.49 and a 200-day moving average of $200.14. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm posted $1.80 earnings per share. The business's revenue for the quarter was down 8.4% on a year-over-year basis. As a group, sell-side analysts expect that Texas Instruments will post 5.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now directly owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Haviv Ilan sold 1,200 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company's stock, valued at approximately $33,233,101.44. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,968 shares of company stock valued at $3,126,464. 0.68% of the stock is currently owned by insiders.

Institutional Trading of Texas Instruments

A number of large investors have recently made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments during the 3rd quarter worth about $28,000. Tsfg LLC lifted its stake in Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 82 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Texas Instruments in the third quarter valued at approximately $39,000. FSA Wealth Management LLC purchased a new position in Texas Instruments in the third quarter valued at approximately $41,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in Texas Instruments during the third quarter worth approximately $43,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Company Profile

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.