Truist Financial Lowers Texas Instruments (NASDAQ:TXN) Price Target to $195.00

Texas Instruments (NASDAQ:TXN) had its price objective cut by research analysts at Truist Financial from $199.00 to $195.00 in a report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s price objective would indicate a potential upside of 5.11% from the company’s previous close.

A number of other analysts also recently issued reports on TXN. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Friday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research note on Friday. Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Robert W. Baird dropped their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Trading Down 7.5 %

Shares of TXN stock opened at $185.52 on Friday. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $169.23 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 3.84 and a beta of 0.98. Texas Instruments has a 12-month low of $155.46 and a 12-month high of $220.38. The stock’s 50-day moving average price is $193.38 and its 200-day moving average price is $199.46.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same period last year, the firm earned $1.49 earnings per share. Equities research analysts predict that Texas Instruments will post 5.08 EPS for the current fiscal year.

Insider Activity

In other news, Director Ronald Kirk sold 10,539 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. acquired a new position in shares of Texas Instruments in the 3rd quarter valued at $28,000. Financial Life Planners purchased a new stake in Texas Instruments during the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at about $27,000. Tsfg LLC raised its stake in shares of Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments during the third quarter worth about $39,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Company Profile

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.