Texas Instruments (NASDAQ:TXN) Stock Price Down 3.6% – Time to Sell?

Texas Instruments Incorporated (NASDAQ:TXN) traded down 3.6% on Thursday . The company traded as low as $190.15 and last traded at $190.31. 635,299 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 4,600,653 shares. The stock had previously closed at $197.51.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TXN. Mizuho set a $200.00 price target on Texas Instruments in a research report on Friday, October 18th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Robert W. Baird lowered their price target on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, Barclays lowered their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $209.71.

Texas Instruments Price Performance

The firm has a 50-day moving average of $196.30 and a 200-day moving average of $199.76. The firm has a market capitalization of $172.30 billion, a P/E ratio of 35.13, a PEG ratio of 3.69 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company’s revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 EPS. As a group, analysts predict that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Insider Buying and Selling

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at approximately $4,272,256.80. This represents a 32.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on 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 sale, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Instruments

Institutional investors have recently bought and sold shares of the business. Fiduciary Alliance LLC increased its stake in Texas Instruments by 25.3% in the 4th quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock worth $6,901,000 after buying an additional 7,424 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Texas Instruments by 4.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock worth $45,535,000 after purchasing an additional 9,608 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Texas Instruments by 60.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock worth $33,909,000 after purchasing an additional 65,512 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Texas Instruments by 454.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock valued at $244,386,000 after acquiring an additional 1,029,741 shares in the last quarter. Finally, Townsquare Capital LLC raised its stake in shares of Texas Instruments by 5.9% during the third quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock valued at $19,353,000 after acquiring an additional 5,201 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Company Profile

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.