Texas Instruments (NASDAQ:TXN) Price Target Cut to $200.00

Texas Instruments (NASDAQ:TXN) had its target price reduced by analysts at Barclays from $210.00 to $200.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the semiconductor company’s stock. Barclays‘s price target would suggest a potential upside of 0.49% from the company’s current price.

A number of other equities research analysts also recently weighed in on TXN. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Susquehanna reduced their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Monday. Mizuho set a $200.00 price target on Texas Instruments in a research report on Friday, October 18th. KeyCorp boosted their price target on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Cantor Fitzgerald reduced their price target on Texas Instruments from $210.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $206.95.

Texas Instruments Price Performance

TXN stock opened at $199.03 on Wednesday. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $214.66. The stock’s 50 day moving average is $203.31 and its two-hundred day moving average is $194.94. The company has a market capitalization of $181.72 billion, a PE ratio of 34.55, a P/E/G ratio of 4.32 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the business earned $1.80 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts predict that Texas Instruments will post 5.11 earnings per share for the current fiscal year.

Insider Transactions at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares of the company’s stock, valued at $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares of the company’s stock, valued at $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Julie C. Knecht sold 7,764 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock valued at $3,255,323 over the last three months. Company insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ raised its position in Texas Instruments by 4.3% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock valued at $45,535,000 after buying an additional 9,608 shares during the period. Nordea Investment Management AB grew its stake in Texas Instruments by 16.9% in the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock valued at $175,538,000 after purchasing an additional 145,328 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Texas Instruments by 60.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock valued at $33,909,000 after purchasing an additional 65,512 shares in the last quarter. Advisors Capital Management LLC grew its stake in Texas Instruments by 185.7% in the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock valued at $55,124,000 after purchasing an additional 205,676 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Texas Instruments by 454.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock valued at $244,386,000 after purchasing an additional 1,029,741 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.