Texas Instruments (NASDAQ:TXN) PT Lowered to $181.00

Texas Instruments (NASDAQ:TXNGet Rating) had its target price lowered by equities research analysts at Morgan Stanley from $198.00 to $181.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “underweight” rating on the semiconductor company’s stock. Morgan Stanley’s price target points to a potential upside of 3.51% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Citigroup downgraded Texas Instruments from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $220.00 to $187.00 in a research report on Friday, January 7th. UBS Group dropped their price objective on Texas Instruments from $195.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 26th. Barclays reduced their target price on shares of Texas Instruments from $180.00 to $170.00 and set an “underweight” rating for the company in a report on Friday, February 4th. Truist Financial lowered their price target on shares of Texas Instruments from $195.00 to $189.00 and set a “hold” rating on the stock in a report on Friday, April 8th. Finally, Mizuho increased their target price on shares of Texas Instruments from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Wednesday, January 26th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $207.90.

Shares of TXN traded up $1.56 during midday trading on Monday, reaching $174.87. 249,723 shares of the stock were exchanged, compared to its average volume of 6,043,431. Texas Instruments has a 52 week low of $161.04 and a 52 week high of $202.26. The company has a current ratio of 5.33, a quick ratio of 4.58 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $174.76 and its two-hundred day moving average is $183.02. The company has a market capitalization of $161.38 billion, a P/E ratio of 21.15, a PEG ratio of 2.09 and a beta of 0.95.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its quarterly earnings results on Tuesday, January 25th. The semiconductor company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.32. Texas Instruments had a return on equity of 66.40% and a net margin of 42.35%. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the prior year, the company earned $1.80 EPS. The business’s revenue was up 18.5% compared to the same quarter last year. On average, sell-side analysts expect that Texas Instruments will post 9.09 EPS for the current year.

In other Texas Instruments news, VP Amichai Ron sold 2,037 shares of the stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $171.96, for a total transaction of $350,282.52. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard K. Templeton sold 33,469 shares of the stock in a transaction dated Monday, January 31st. The stock was sold at an average price of $177.44, for a total value of $5,938,739.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,601 shares of company stock worth $6,987,383. 0.54% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in TXN. Railway Pension Investments Ltd boosted its stake in shares of Texas Instruments by 9.9% during the 1st quarter. Railway Pension Investments Ltd now owns 1,587,255 shares of the semiconductor company’s stock worth $291,230,000 after acquiring an additional 143,000 shares in the last quarter. Segment Wealth Management LLC boosted its stake in shares of Texas Instruments by 6.9% during the 1st quarter. Segment Wealth Management LLC now owns 60,125 shares of the semiconductor company’s stock worth $11,032,000 after acquiring an additional 3,902 shares in the last quarter. Mission Wealth Management LP boosted its stake in shares of Texas Instruments by 8.2% during the 1st quarter. Mission Wealth Management LP now owns 11,001 shares of the semiconductor company’s stock worth $2,018,000 after acquiring an additional 831 shares in the last quarter. Asset Planning Services Inc. LA ADV boosted its stake in shares of Texas Instruments by 3.1% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 34,010 shares of the semiconductor company’s stock worth $6,240,000 after acquiring an additional 1,025 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its stake in shares of Texas Instruments by 220.6% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 16,977 shares of the semiconductor company’s stock worth $3,115,000 after acquiring an additional 11,682 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Texas Instruments Company Profile (Get Rating)

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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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