BidaskClub upgraded shares of Texas Instruments (NASDAQ:TXN) from a sell rating to a hold rating in a research note issued to investors on Sunday.

Other equities research analysts have also issued reports about the stock. Loop Capital lowered their price objective on shares of Texas Instruments to $120.00 and set a buy rating for the company in a report on Wednesday, October 24th. Sanford C. Bernstein restated a buy rating and issued a $115.00 price objective on shares of Texas Instruments in a report on Wednesday, October 24th. Citigroup restated a buy rating on shares of Texas Instruments in a report on Wednesday, October 24th. Barclays lowered their price objective on shares of Texas Instruments from $120.00 to $105.00 and set an equal weight rating for the company in a report on Tuesday, October 23rd. Finally, Macquarie set a $100.00 price objective on shares of Texas Instruments and gave the stock a hold rating in a report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $115.24.

Shares of Texas Instruments stock opened at $98.59 on Friday. Texas Instruments has a 1 year low of $87.70 and a 1 year high of $120.75. The company has a market cap of $92.44 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.84 and a beta of 1.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.97 and a quick ratio of 3.09.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. Texas Instruments had a net margin of 29.62% and a return on equity of 50.03%. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the business posted $1.26 earnings per share. Texas Instruments’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts predict that Texas Instruments will post 5.4 earnings per share for the current fiscal year.

Texas Instruments declared that its Board of Directors has approved a stock repurchase program on Thursday, September 20th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 11.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

In related news, Director Martin S. Craighead acquired 10,900 shares of Texas Instruments stock in a transaction on Thursday, October 25th. The shares were acquired at an average cost of $91.70 per share, with a total value of $999,530.00. Following the transaction, the director now owns 13,100 shares in the company, valued at $1,201,270. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kyle M. Flessner sold 16,088 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $94.00, for a total transaction of $1,512,272.00. Following the transaction, the insider now directly owns 43,270 shares in the company, valued at $4,067,380. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. FMR LLC grew its position in shares of Texas Instruments by 19.7% in the 2nd quarter. FMR LLC now owns 12,907,773 shares of the semiconductor company’s stock worth $1,423,082,000 after buying an additional 2,120,260 shares during the period. Zacks Investment Management purchased a new stake in shares of Texas Instruments in the 2nd quarter worth about $417,000. Marshall Wace LLP purchased a new stake in shares of Texas Instruments in the 2nd quarter worth about $7,576,000. Centaurus Financial Inc. purchased a new stake in shares of Texas Instruments in the 2nd quarter worth about $101,000. Finally, Waddell & Reed Financial Inc. grew its position in shares of Texas Instruments by 6.2% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 222,000 shares of the semiconductor company’s stock worth $24,476,000 after buying an additional 13,000 shares during the period. 84.65% of the stock is currently owned by institutional investors and hedge funds.

About Texas Instruments

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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