Shares of Texas Instruments Incorporated (NASDAQ:TXN) have been given an average recommendation of “Hold” by the twenty-nine ratings firms that are currently covering the company, ARN reports. Two analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $59.21.
Texas Instruments (NASDAQ:TXN) opened at 57.04 on Tuesday. The stock has a market cap of $57.34 billion and a price-to-earnings ratio of 20.21. The company has a 50-day moving average price of $57.79 and a 200 day moving average price of $55.33. Texas Instruments has a 52-week low of $43.49 and a 52-week high of $60.60.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, April 27th. The semiconductor manufacturer reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.03. The firm earned $3.01 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Texas Instruments’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. On average, analysts expect that Texas Instruments will post $2.89 earnings per share for the current year.
In other news, VP Stephen A. Anderson sold 183,334 shares of the stock in a transaction that occurred on Monday, February 1st. The shares were sold at an average price of $52.83, for a total value of $9,685,535.22. Following the completion of the sale, the vice president now directly owns 189,321 shares of the company’s stock, valued at $10,001,828.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
A number of institutional investors have modified their holdings of the stock. Dynamic Advisors Solutions acquired a new position in shares of Texas Instruments during the fourth quarter valued at $341,000. EQIS Capital Management raised its position in shares of Texas Instruments by 56.8% in the fourth quarter. EQIS Capital Management now owns 10,683 shares of the semiconductor manufacturer’s stock valued at $586,000 after buying an additional 3,872 shares during the last quarter. Berkshire Asset Management raised its position in shares of Texas Instruments by 5.3% in the fourth quarter. Berkshire Asset Management now owns 10,990 shares of the semiconductor manufacturer’s stock valued at $602,000 after buying an additional 555 shares during the last quarter. Appleton Partners Inc. MA raised its position in shares of Texas Instruments by 1.0% in the fourth quarter. Appleton Partners Inc. MA now owns 13,234 shares of the semiconductor manufacturer’s stock valued at $725,000 after buying an additional 135 shares during the last quarter. Finally, Acadian Asset Management raised its position in shares of Texas Instruments by 15.1% in the fourth quarter. Acadian Asset Management now owns 18,563 shares of the semiconductor manufacturer’s stock valued at $1,017,000 after buying an additional 2,435 shares during the last quarter.
Several research firms recently issued reports on TXN. Oppenheimer reaffirmed a “buy” rating on shares of Texas Instruments in a report on Thursday. B. Riley reaffirmed a “hold” rating and issued a $56.50 price target on shares of Texas Instruments in a report on Thursday. Credit Suisse reaffirmed a “hold” rating on shares of Texas Instruments in a report on Thursday. BMO Capital Markets reaffirmed a “buy” rating on shares of Texas Instruments in a report on Thursday. Finally, Barclays increased their target price on shares of Texas Instruments from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Thursday.
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. The Company’s Analog segment includes the following product lines: High Volume Analog & Logic, Power Management, High Performance Analog and Silicon Valley Analog.
