Texas Instruments (NASDAQ:TXN) Downgraded by ValuEngine to “Hold”

Texas Instruments (NASDAQ:TXN) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, ValuEngine reports.

A number of other analysts have also recently issued reports on the company. Charter Equity raised Texas Instruments from a “market perform” rating to a “buy” rating in a report on Wednesday, July 24th. SunTrust Banks increased their price objective on Texas Instruments to $133.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Morgan Stanley increased their price objective on Texas Instruments from $106.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating and set a $126.00 price objective on the stock. in a report on Monday, August 26th. Finally, Barclays increased their price objective on Texas Instruments from $105.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $119.75.

TXN traded up $1.44 during trading on Wednesday, reaching $130.14. 3,273,962 shares of the company were exchanged, compared to its average volume of 5,071,383. The company’s 50-day moving average is $125.76 and its two-hundred day moving average is $116.97. The company has a market cap of $121.50 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 2.42 and a beta of 1.26. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54. Texas Instruments has a 12-month low of $87.70 and a 12-month high of $131.80.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 EPS. Equities analysts forecast that Texas Instruments will post 5.24 earnings per share for the current year.

In other news, CFO Rafael R. Lizardi sold 76,523 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $128.02, for a total transaction of $9,796,474.46. Following the transaction, the chief financial officer now directly owns 94,648 shares in the company, valued at approximately $12,116,836.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider R Gregory Delagi sold 450,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $128.31, for a total value of $57,739,500.00. Following the transaction, the insider now owns 243,755 shares in the company, valued at $31,276,204.05. The disclosure for this sale can be found here. Insiders have sold a total of 1,251,117 shares of company stock worth $159,473,823 over the last quarter. Corporate insiders own 0.89% of the company’s stock.

Several institutional investors have recently made changes to their positions in TXN. First Trust Advisors LP increased its position in Texas Instruments by 3.1% during the 1st quarter. First Trust Advisors LP now owns 1,548,947 shares of the semiconductor company’s stock valued at $164,297,000 after buying an additional 47,016 shares in the last quarter. Acadian Asset Management LLC lifted its position in Texas Instruments by 38.1% during the 1st quarter. Acadian Asset Management LLC now owns 9,589 shares of the semiconductor company’s stock worth $1,017,000 after buying an additional 2,646 shares in the last quarter. Zions Bancorporation N.A. acquired a new position in Texas Instruments during the 1st quarter worth about $316,000. NumerixS Investment Technologies Inc lifted its position in Texas Instruments by 85.9% during the 1st quarter. NumerixS Investment Technologies Inc now owns 28,928 shares of the semiconductor company’s stock worth $3,034,000 after buying an additional 13,365 shares in the last quarter. Finally, Lido Advisors LLC lifted its position in Texas Instruments by 53.0% during the 1st quarter. Lido Advisors LLC now owns 9,124 shares of the semiconductor company’s stock worth $967,000 after buying an additional 3,159 shares in the last quarter. Hedge funds and other institutional investors own 85.38% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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