Texas Instruments (NASDAQ:TXN) Price Target Cut to $215.00

Texas Instruments (NASDAQ:TXN) had its target price lowered by Bank of America from $220.00 to $215.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. Bank of America‘s price objective would suggest a potential upside of 4.06% from the company’s current price.

A number of other equities analysts also recently issued reports on TXN. KeyCorp lifted their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Morgan Stanley upped 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. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Texas Instruments from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $206.95.

Texas Instruments Trading Up 2.4 %

NASDAQ:TXN opened at $206.61 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments has a one year low of $139.48 and a one year high of $214.66. The company has a market cap of $188.11 billion, a PE ratio of 32.23, a PEG ratio of 4.22 and a beta of 0.98. The firm has a 50-day moving average of $203.43 and a 200-day moving average of $194.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the company posted $1.80 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities research analysts expect that Texas Instruments will post 5.11 EPS for the current fiscal year.

Insider Activity at Texas Instruments

In related 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 in the company, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $208.90, for a total value of $789,224.20. Following the completion of the transaction, the vice president now directly owns 28,894 shares of the company’s stock, valued at $6,035,956.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Shanon J. Leonard sold 2,816 shares of the company’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 completion of the transaction, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,558 shares of company stock worth $3,255,323. Corporate insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. Norwood Financial Corp purchased a new position in Texas Instruments in the 1st quarter worth approximately $32,000. Tsfg LLC increased its stake in 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. Tradewinds Capital Management LLC raised its position in Texas Instruments by 71.1% during the first quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 101 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in Texas Instruments during the third quarter worth about $43,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in shares of Texas Instruments in the 1st quarter worth about $44,000. 84.99% of the stock is currently 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.