Texas Instruments (NASDAQ:TXN) Price Target Cut to $175.00

Texas Instruments (NASDAQ:TXNGet Rating) had its target price cut by analysts at UBS Group from $180.00 to $175.00 in a research note issued on Wednesday, Briefing.com reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. UBS Group’s price objective points to a potential upside of 3.89% from the stock’s previous close.

Several other research analysts have also weighed in on TXN. Credit Suisse Group reduced their target price on Texas Instruments from $200.00 to $195.00 in a report on Wednesday. Truist Financial reduced their target price on Texas Instruments from $189.00 to $172.00 in a report on Wednesday. Susquehanna Bancshares reiterated a “buy” rating and set a $230.00 target price on shares of Texas Instruments in a report on Wednesday, January 26th. KeyCorp reduced their target price on Texas Instruments from $240.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group reduced their target price on Texas Instruments from $220.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $197.36.

Shares of Texas Instruments stock opened at $168.44 on Wednesday. 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 has a 12 month low of $161.04 and a 12 month high of $202.26. The business has a fifty day simple moving average of $174.92 and a 200 day simple moving average of $182.77. The stock has a market cap of $155.45 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.09 and a beta of 0.95.

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

In other Texas Instruments news, Director Mark A. Blinn sold 4,095 shares of the company’s stock in a transaction on Friday, February 4th. The stock was sold at an average price of $170.54, for a total transaction of $698,361.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Amichai Ron sold 2,037 shares of the company’s stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of $171.96, for a total value of $350,282.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,601 shares of company stock valued at $6,987,383. 0.54% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mizuho Securities Co. Ltd. lifted its stake in shares of Texas Instruments by 280.6% in the 1st 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. bought a new position in shares of Texas Instruments in the 4th quarter valued at $26,000. Moors & Cabot Inc. lifted its stake in shares of Texas Instruments by 262.9% in the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 18,111 shares during the last quarter. Stuart Chaussee & Associates Inc. lifted its stake in shares of Texas Instruments by 81.7% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 149 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Texas Instruments in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

About Texas Instruments (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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