BidaskClub Upgrades Texas Instruments (NASDAQ:TXN) to “Hold”

Texas Instruments (NASDAQ:TXN) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, BidAskClub reports.

TXN has been the subject of a number of other reports. Deutsche Bank dropped their target price on Texas Instruments from $120.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. SunTrust Banks decreased their price target on Texas Instruments from $133.00 to $122.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. ValuEngine cut Texas Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley dropped their price objective on Texas Instruments from $110.00 to $109.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada cut their price objective on Texas Instruments to $124.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $120.97.

NASDAQ TXN opened at $122.37 on Friday. Texas Instruments has a twelve month low of $87.70 and a twelve month high of $132.20. The company has a quick ratio of 3.32, a current ratio of 4.34 and a debt-to-equity ratio of 0.59. The stock has a market cap of $112.86 billion, a P/E ratio of 22.58, a PEG ratio of 2.41 and a beta of 1.21. The company’s 50-day simple moving average is $120.34 and its 200 day simple moving average is $119.86.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Texas Instruments had a net margin of 35.10% and a return on equity of 58.00%. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.56 earnings per share. Research analysts anticipate that Texas Instruments will post 4.94 earnings per share for the current year.

In other Texas Instruments news, VP Ahmad Bahai sold 1,550 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.99, for a total value of $182,884.50. Following the completion of the transaction, the vice president now directly owns 25,354 shares of the company’s stock, valued at $2,991,518.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Hagop H. Kozanian sold 5,383 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $119.51, for a total transaction of $643,322.33. Following the transaction, the vice president now owns 41,839 shares in the company, valued at $5,000,178.89. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXN. Patriot Financial Group Insurance Agency LLC increased its position in Texas Instruments by 16.5% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,216 shares of the semiconductor company’s stock worth $373,000 after purchasing an additional 456 shares during the period. Penserra Capital Management LLC raised its stake in shares of Texas Instruments by 209.6% during the third quarter. Penserra Capital Management LLC now owns 2,526 shares of the semiconductor company’s stock worth $325,000 after buying an additional 1,710 shares during the last quarter. Cypress Capital LLC raised its stake in shares of Texas Instruments by 5.5% during the third quarter. Cypress Capital LLC now owns 6,947 shares of the semiconductor company’s stock worth $898,000 after buying an additional 360 shares during the last quarter. Alberta Investment Management Corp lifted its holdings in Texas Instruments by 17.8% in the second quarter. Alberta Investment Management Corp now owns 66,200 shares of the semiconductor company’s stock valued at $7,597,000 after buying an additional 10,000 shares during the period. Finally, Berman Capital Advisors LLC lifted its holdings in Texas Instruments by 23.2% in the second quarter. Berman Capital Advisors LLC now owns 680 shares of the semiconductor company’s stock valued at $78,000 after buying an additional 128 shares during the period. 85.03% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Company Profile

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, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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