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

Texas Instruments (NASDAQ:TXN) had its price objective lowered by analysts at Barclays from $210.00 to $200.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Barclays‘s price target indicates a potential upside of 0.49% from the company’s previous close.

Several other analysts also recently weighed in on the company. Robert W. Baird decreased their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday. Jefferies Financial Group increased their target price on Texas Instruments from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Mizuho set a $200.00 target price on Texas Instruments in a research note on Friday, October 18th. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research note on Wednesday. Finally, Benchmark restated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $206.95.

Texas Instruments Stock Performance

TXN opened at $199.03 on Wednesday. The company has a market cap of $181.72 billion, a PE ratio of 34.55, a price-to-earnings-growth ratio of 4.32 and a beta of 0.98. The stock has a 50-day moving average of $203.31 and a 200-day moving average of $194.94. Texas Instruments has a 52-week low of $139.48 and a 52-week high of $214.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the company posted $1.80 EPS. The firm’s revenue was down 8.4% on a year-over-year basis. As a group, equities research analysts forecast that Texas Instruments will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Texas Instruments news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares of the company’s stock, valued at $5,037,237.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock valued at $3,255,323 in the last 90 days. 0.68% of the stock is currently owned by company insiders.

Institutional Trading of Texas Instruments

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tsfg LLC increased its position in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 82 shares during the last quarter. Norwood Financial Corp acquired a new stake in shares of Texas Instruments in the first quarter valued at about $32,000. McClarren Financial Advisors Inc. acquired a new stake in shares of Texas Instruments in the third quarter valued at about $43,000. Tradewinds Capital Management LLC increased its position in shares of Texas Instruments by 71.1% in the first quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 101 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of Texas Instruments in the first quarter valued at about $44,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

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.