Texas Instruments Incorporated (NASDAQ:TXN) – Stock analysts at SunTrust Banks issued their Q1 2021 earnings per share estimates for shares of Texas Instruments in a note issued to investors on Friday, December 13th, according to Zacks Investment Research. SunTrust Banks analyst W. Stein expects that the semiconductor company will post earnings per share of $1.26 for the quarter. SunTrust Banks currently has a “Hold” rating and a $122.00 price target on the stock. SunTrust Banks also issued estimates for Texas Instruments’ Q2 2021 earnings at $1.34 EPS and FY2021 earnings at $5.43 EPS.
A number of other brokerages have also commented on TXN. Oppenheimer decreased their price objective on shares of Texas Instruments from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of Texas Instruments from $109.00 to $119.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. ValuEngine lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Bank of America decreased their price objective on shares of Texas Instruments from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada decreased their price objective on shares of Texas Instruments to $124.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $121.38.
Shares of Texas Instruments stock traded down $0.91 during mid-day trading on Monday, reaching $127.66. 2,159,863 shares of the stock were exchanged, compared to its average volume of 4,947,678. The company has a market cap of $120.18 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 2.57 and a beta of 1.21. The company has a current ratio of 4.34, a quick ratio of 3.32 and a debt-to-equity ratio of 0.59. The firm has a 50-day simple moving average of $122.59 and a 200 day simple moving average of $122.19. Texas Instruments has a fifty-two week low of $88.68 and a fifty-two week high of $132.20.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. The company 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 business’s revenue was down 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.56 EPS.
A number of institutional investors have recently added to or reduced their stakes in the stock. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in Texas Instruments by 1.5% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,536 shares of the semiconductor company’s stock worth $715,000 after buying an additional 81 shares during the period. FinTrust Capital Advisors LLC raised its holdings in shares of Texas Instruments by 4.7% in the third quarter. FinTrust Capital Advisors LLC now owns 1,856 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 84 shares during the last quarter. Atria Investments LLC raised its holdings in shares of Texas Instruments by 0.4% in the second quarter. Atria Investments LLC now owns 22,632 shares of the semiconductor company’s stock valued at $2,758,000 after purchasing an additional 85 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of Texas Instruments by 2.5% in the third quarter. Capital Investment Advisory Services LLC now owns 3,550 shares of the semiconductor company’s stock valued at $459,000 after purchasing an additional 85 shares during the last quarter. Finally, Fiduciary Group LLC raised its holdings in shares of Texas Instruments by 1.7% in the second quarter. Fiduciary Group LLC now owns 5,338 shares of the semiconductor company’s stock valued at $613,000 after purchasing an additional 89 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Ahmad Bahai sold 1,550 shares of Texas Instruments stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.99, for a total transaction of $182,884.50. Following the transaction, the vice president now owns 25,354 shares of the company’s stock, valued at approximately $2,991,518.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Hagop H. Kozanian sold 5,383 shares of Texas Instruments 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 directly owns 41,839 shares in the company, valued at approximately $5,000,178.89. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.
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.