Texas Instruments (NASDAQ:TXN) Given New $180.00 Price Target at Barclays

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

Several other brokerages have also recently issued reports on TXN. Wells Fargo & Company decreased their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Mizuho set a $200.00 price target on Texas Instruments in a research report on Friday, October 18th. Bank of America lowered their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Truist Financial reduced their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Trading Down 7.5 %

NASDAQ TXN opened at $185.52 on Friday. The company has a market cap of $169.24 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 3.84 and a beta of 0.98. Texas Instruments has a twelve month low of $155.46 and a twelve month high of $220.38. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The business’s fifty day moving average is $193.69 and its 200 day moving average is $199.57.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. During the same quarter last year, the business earned $1.49 EPS. As a group, sell-side analysts expect that Texas Instruments will post 5.08 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

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

Insider Buying and Selling

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

Institutional Trading of Texas Instruments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Daymark Wealth Partners LLC raised its position in Texas Instruments by 2.4% in the 2nd quarter. Daymark Wealth Partners LLC now owns 8,664 shares of the semiconductor company’s stock valued at $1,685,000 after buying an additional 201 shares during the last quarter. MBB Public Markets I LLC purchased a new stake in shares of Texas Instruments in the second quarter valued at about $12,609,000. The Manufacturers Life Insurance Company lifted its position in shares of Texas Instruments by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 4,003,289 shares of the semiconductor company’s stock valued at $778,750,000 after purchasing an additional 129,717 shares in the last quarter. Legal & General Group Plc boosted its holdings in 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 purchasing an additional 64,067 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC grew its position in Texas Instruments by 83.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 83,809 shares of the semiconductor company’s stock worth $16,303,000 after purchasing an additional 38,122 shares in the last quarter. 84.99% of the stock is owned by institutional investors.

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.