Texas Instruments (NASDAQ:TXN) Price Target Cut to $215.00

Texas Instruments (NASDAQ:TXNGet Rating) had its price target cut by analysts at Susquehanna from $230.00 to $215.00 in a research note issued on Wednesday, The Fly reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Susquehanna’s price objective points to a potential upside of 27.67% from the company’s previous close.

Other analysts also recently issued reports about the stock. Credit Suisse Group decreased their price objective on shares of Texas Instruments from $200.00 to $195.00 in a report on Wednesday. UBS Group dropped their price objective on shares of Texas Instruments from $195.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, January 26th. StockNews.com initiated coverage on shares of Texas Instruments in a research note on Thursday, March 31st. They issued a “buy” rating for the company. JPMorgan Chase & Co. increased their target price on shares of Texas Instruments from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 26th. Finally, Truist Financial decreased their price objective 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. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $196.68.

Shares of TXN traded down $0.04 during midday trading on Wednesday, hitting $168.40. The company had a trading volume of 348,412 shares, compared to its average volume of 6,198,455. The company’s 50 day moving average price is $174.92 and its 200 day moving average price is $182.77. The stock has a market cap of $155.41 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.09 and a beta of 0.95. Texas Instruments has a 52 week low of $161.04 and a 52 week high of $202.26. The company has a quick ratio of 4.58, a current ratio of 5.33 and a debt-to-equity ratio of 0.54.

Texas Instruments (NASDAQ:TXNGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.17. Texas Instruments had a net margin of 42.35% and a return on equity of 66.40%. The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same period in the prior year, the business posted $1.87 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities analysts anticipate that Texas Instruments will post 9.09 EPS for the current fiscal year.

In other news, VP Amichai Ron sold 2,037 shares of the company’s stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $171.96, for a total value of $350,282.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard K. Templeton sold 33,469 shares of the company’s stock in a transaction that occurred on Monday, January 31st. The shares were 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. In the last ninety days, insiders sold 39,601 shares of company stock worth $6,987,383. Insiders own 0.54% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Mizuho Securities Co. Ltd. lifted its holdings in Texas Instruments by 280.6% in the first quarter. Mizuho Securities Co. Ltd. now owns 137 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 101 shares during the last quarter. CarsonAllaria Wealth Management Ltd. acquired a new position in Texas Instruments in the fourth quarter valued at $26,000. Moors & Cabot Inc. grew its holdings in shares of Texas Instruments by 262.9% during the third quarter. Moors & Cabot Inc. now owns 25,000 shares of the semiconductor company’s stock worth $27,000 after buying an additional 18,111 shares during the last quarter. Stuart Chaussee & Associates Inc. lifted its position in Texas Instruments by 81.7% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 149 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 67 shares during the period. Finally, Life Planning Partners Inc acquired a new stake in shares of Texas Instruments during the 4th quarter valued at approximately $28,000. 82.99% of the stock is owned by hedge funds and other 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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