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

Texas Instruments (NASDAQ:TXN) had its price objective lowered by Truist Financial from $199.00 to $195.00 in a research report report published on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the semiconductor company’s stock.

A number of other brokerages have also recently weighed in on TXN. Mizuho set a $200.00 price target on shares of Texas Instruments in a research report on Friday, October 18th. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of Texas Instruments in a research report on Friday. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a report on Friday. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Barclays lowered their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $185.52 on Friday. The business has a 50-day moving average of $193.38 and a two-hundred day moving average of $199.46. The firm has a market capitalization of $169.24 billion, a PE ratio of 34.48, a P/E/G ratio of 3.84 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments has a 12 month low of $155.46 and a 12 month high of $220.38.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate 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 business earned $1.49 EPS. As a group, research analysts forecast that Texas Instruments will post 5.08 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.93%. Texas Instruments’s dividend payout ratio (DPR) is 101.12%.

Insider Buying and Selling

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on 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 sale, the director now directly owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors have recently modified their holdings of the business. Daymark Wealth Partners LLC grew its holdings in shares of Texas Instruments by 2.4% during the second quarter. Daymark Wealth Partners LLC now owns 8,664 shares of the semiconductor company’s stock valued at $1,685,000 after purchasing an additional 201 shares during the last quarter. MBB Public Markets I LLC bought a new position in Texas Instruments during the 2nd quarter worth $12,609,000. The Manufacturers Life Insurance Company increased its position in Texas Instruments by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 4,003,289 shares of the semiconductor company’s stock worth $778,750,000 after buying an additional 129,717 shares during the period. Legal & General Group Plc lifted its stake in Texas Instruments by 0.8% in the second quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock valued at $1,523,415,000 after buying an additional 64,067 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its stake in Texas Instruments by 83.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 83,809 shares of the semiconductor company’s stock valued at $16,303,000 after buying an additional 38,122 shares during the last quarter. Institutional investors 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.