Barclays Cuts Texas Instruments (NASDAQ:TXN) Price Target to $180.00

Texas Instruments (NASDAQ:TXNFree Report) had its price target cut by Barclays from $200.00 to $180.00 in a research note released on Friday morning,Benzinga reports. They currently have an equal weight rating on the semiconductor company’s stock.

TXN has been the topic of a number of other reports. Evercore ISI lifted their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Bank of America cut their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird cut their target price on shares of Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Mizuho set a $200.00 price target on shares of Texas Instruments in a report on Friday, October 18th. Two investment 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $209.20.

Check Out Our Latest Report on Texas Instruments

Texas Instruments Stock Down 7.5 %

Shares of TXN stock opened at $185.52 on Friday. The stock’s 50 day simple moving average is $193.38 and its 200 day simple moving average is $199.46. Texas Instruments has a twelve month low of $155.46 and a twelve month high of $220.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The company has a market capitalization of $169.24 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 3.84 and a beta of 0.98.

Texas Instruments (NASDAQ:TXNGet Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping 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 in the previous year, the business earned $1.49 earnings per share. As a group, research analysts predict that Texas Instruments will post 5.08 EPS for the current year.

Texas Instruments Dividend Announcement

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

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Daymark Wealth Partners LLC increased its holdings in shares of Texas Instruments by 2.4% in 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 in the last quarter. MBB Public Markets I LLC bought a new position in Texas Instruments in the 2nd quarter valued at $12,609,000. The Manufacturers Life Insurance Company increased its stake in shares of Texas Instruments by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,003,289 shares of the semiconductor company’s stock valued at $778,750,000 after buying an additional 129,717 shares during the period. Legal & General Group Plc raised its position in shares of Texas Instruments by 0.8% during the second quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock worth $1,523,415,000 after acquiring an additional 64,067 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its stake in shares of Texas Instruments by 83.4% during the second quarter. Susquehanna Fundamental Investments LLC now owns 83,809 shares of the semiconductor company’s stock valued at $16,303,000 after acquiring an additional 38,122 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

About Texas Instruments

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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.

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