Barclays Has Lowered Expectations for Texas Instruments (NASDAQ:TXN) Stock Price

Texas Instruments (NASDAQ:TXN) had its target price reduced by investment analysts at Barclays from $200.00 to $180.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the semiconductor company’s stock. Barclays‘s price target indicates a potential downside of 2.98% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Susquehanna reduced their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a report on Monday, October 21st. Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Evercore ISI upped their price objective on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Mizuho set a $200.00 target price on Texas Instruments in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Price Performance

Shares of NASDAQ TXN opened at $185.52 on Friday. The stock has a market cap of $169.23 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 3.84 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. The firm’s 50-day simple moving average is $193.38 and its 200 day simple moving average is $199.46.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same quarter in the previous year, the business earned $1.49 EPS. As a group, research analysts anticipate that Texas Instruments will post 5.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. State Street Corp grew its stake in shares of Texas Instruments by 0.9% in the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock worth $8,609,679,000 after purchasing an additional 391,306 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Texas Instruments by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock worth $4,382,936,000 after purchasing an additional 487,892 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Texas Instruments by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock valued at $3,976,562,000 after purchasing an additional 782,053 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Texas Instruments by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock valued at $1,664,998,000 after buying an additional 36,441 shares during the period. Finally, Legal & General Group Plc lifted its position in Texas Instruments by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock valued at $1,523,415,000 after acquiring an additional 64,067 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.

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.