Texas Instruments (NASDAQ:TXN) Price Target Cut to $120.00 by Analysts at Oppenheimer

Texas Instruments (NASDAQ:TXN) had its target price decreased by Oppenheimer from $140.00 to $120.00 in a report issued on Wednesday morning, Briefing.com Automated Import reports. Oppenheimer currently has an outperform rating on the semiconductor company’s stock.

A number of other equities analysts also recently issued reports on TXN. Loop Capital raised their price objective on shares of Texas Instruments to $140.00 and gave the stock a buy rating in a report on Wednesday, July 24th. SunTrust Banks dropped their price objective on shares of Texas Instruments from $133.00 to $122.00 and set a hold rating on the stock in a report on Wednesday. CIBC raised their price objective on shares of Texas Instruments from $120.00 to $130.00 and gave the stock an outperform rating in a report on Wednesday, July 24th. BidaskClub raised shares of Texas Instruments from a hold rating to a buy rating in a report on Friday, September 27th. Finally, Jefferies Financial Group raised their price objective on shares of Texas Instruments from $137.00 to $170.00 and gave the stock a buy rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $120.13.

Shares of NASDAQ TXN traded down $0.54 during trading on Wednesday, reaching $118.41. 6,354,755 shares of the company traded hands, compared to its average volume of 5,069,821. The firm has a 50 day simple moving average of $128.08 and a 200-day simple moving average of $118.87. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $120.04 billion, a PE ratio of 21.85, a P/E/G ratio of 2.43 and a beta of 1.26. Texas Instruments has a 52-week low of $87.70 and a 52-week high of $132.20.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 35.10% and a return on equity of 58.54%. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.56 EPS. As a group, research analysts predict that Texas Instruments will post 5.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $3.60 annualized dividend and a dividend yield of 3.04%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.77. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.

In related news, insider R Gregory Delagi sold 450,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 243,755 shares in the company, valued at $31,276,204.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cynthia Hoff Trochu sold 6,185 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $128.22, for a total transaction of $793,040.70. Following the completion of the sale, the senior vice president now owns 62,417 shares in the company, valued at approximately $8,003,107.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 972,295 shares of company stock worth $123,904,152. Company insiders own 0.89% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Advantage Inc. purchased a new stake in Texas Instruments in the third quarter worth about $34,000. Shine Investment Advisory Services Inc. lifted its stake in Texas Instruments by 348.8% in the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 279 shares during the period. Garrett Wealth Advisory Group LLC purchased a new stake in Texas Instruments in the third quarter worth about $48,000. Pathstone Family Office LLC lifted its stake in Texas Instruments by 106.0% in the second quarter. Pathstone Family Office LLC now owns 377 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 194 shares during the period. Finally, TD Capital Management LLC purchased a new stake in Texas Instruments in the second quarter worth about $45,000. Institutional investors own 85.38% of the company’s stock.

About Texas Instruments

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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