Texas Instruments (NASDAQ:TXN) Upgraded at DZ Bank

Texas Instruments (NASDAQ:TXN) was upgraded by DZ Bank from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $300.00 price target on the semiconductor company’s stock. DZ Bank‘s price objective would indicate a potential downside of 2.88% from the company’s current price.

A number of other analysts have also weighed in on TXN. Jefferies Financial Group increased their price objective on Texas Instruments from $260.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, October 22nd. Wall Street Zen raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Barclays boosted their price target on Texas Instruments from $250.00 to $280.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. Sanford C. Bernstein increased their price objective on Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Finally, Stifel Nicolaus boosted their target price on Texas Instruments from $360.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $315.37.

Texas Instruments Stock Performance

TXN stock opened at $308.91 on Wednesday. Texas Instruments has a 1-year low of $152.73 and a 1-year high of $334.03. The company’s 50 day moving average is $273.30 and its 200 day moving average is $256.99.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Wednesday, October 21st. The semiconductor company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.22. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.94 billion. The firm’s revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 EPS. Research analysts forecast that Texas Instruments will post 8.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of Texas Instruments stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the completion of the sale, the vice president owned 23,181 shares of the company’s stock, valued at approximately $6,134,388.03. This trade represents a 23.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by company insiders.

Institutional Trading of Texas Instruments

Several large investors have recently added to or reduced their stakes in TXN. TOWER TRUST & INVESTMENT Co increased its holdings in Texas Instruments by 5,000.0% during the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 153 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 150 shares during the period. Childress Capital Advisors LLC raised its stake in Texas Instruments by 14.7% in the third quarter. Childress Capital Advisors LLC now owns 4,568 shares of the semiconductor company’s stock worth $1,279,000 after buying an additional 586 shares in the last quarter. D.A. Davidson & CO. raised its stake in Texas Instruments by 0.5% in the third quarter. D.A. Davidson & CO. now owns 22,224 shares of the semiconductor company’s stock worth $6,225,000 after buying an additional 103 shares in the last quarter. North Dakota State Investment Board boosted its position in Texas Instruments by 3.1% during the 3rd quarter. North Dakota State Investment Board now owns 27,852 shares of the semiconductor company’s stock valued at $7,801,000 after acquiring an additional 827 shares in the last quarter. Finally, Vaquero Private Wealth Ltd. boosted its position in Texas Instruments by 0.8% during the third quarter. Vaquero Private Wealth Ltd. now owns 17,333 shares of the semiconductor company’s stock valued at $4,855,000 after purchasing an additional 146 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

More Texas Instruments News

Here are the key news stories impacting Texas Instruments this week:

• Positive Sentiment: Earnings beat and solid outlook: Texas Instruments reported third-quarter revenue of $6.055 billion and diluted EPS of $2.62, exceeding estimates of $5.94 billion and $2.40, respectively. Revenue increased 27.7% year over year. Fourth-quarter guidance of $5.80 billion-$6.30 billion in revenue and $2.45-$2.79 in EPS reinforced expectations for continued demand. Earnings Beat Might Change Texas Instruments Stock Narrative
• Positive Sentiment: Data-center demand remains strong: CEO commentary indicated that data-center demand is still growing rather than slowing, supporting optimism for TXN’s analog and embedded-chip businesses. Texas Instruments CEO sees no slowdown in data center demand
• Positive Sentiment: Analyst estimates and technical momentum improved: Earnings-estimate revisions moved higher, while TXN broke above its 20-day moving average and cleared an early technical buy point. These signals may attract momentum-oriented investors. Earnings Estimates Moving Higher for Texas Instruments
• Positive Sentiment: Institutional demand: Texas Instruments reportedly received $84.6 million in net ETF buying on October 23, providing an additional source of market support. Texas Instruments Sees $84.6 Million in Net ETF Buying

Texas Instruments Company Profile

Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.

The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.