Texas Instruments (NASDAQ:TXN) Price Target Cut to $203.00 by Analysts at Jefferies Financial Group

Texas Instruments (NASDAQ:TXNGet Rating) had its price objective lowered by investment analysts at Jefferies Financial Group from $220.00 to $203.00 in a note issued to investors on Wednesday, Briefing.com reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 20.52% from the stock’s previous close.

A number of other equities analysts have also issued reports on the stock. Susquehanna Bancshares reissued a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Wednesday, January 26th. Mizuho reduced their price target on shares of Texas Instruments from $190.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. raised their price target 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. Susquehanna reduced their price target on shares of Texas Instruments from $230.00 to $215.00 and set a “positive” rating for the company in a research report on Wednesday. Finally, StockNews.com started coverage on shares of Texas Instruments in a research report on Thursday, March 31st. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Texas Instruments 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 firm has a market capitalization of $155.45 billion, a P/E ratio of 20.39, a PEG ratio of 2.09 and a beta of 0.95. The company has a quick ratio of 4.58, a current ratio of 5.33 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average price of $174.92 and a 200 day moving average price of $182.77. Texas Instruments has a 52 week low of $161.04 and a 52 week high of $202.26.

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, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.17. The firm had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.73 billion. Texas Instruments had a net margin of 42.35% and a return on equity of 66.40%. Texas Instruments’s revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm posted $1.87 EPS. As a group, research analysts anticipate that Texas Instruments will post 9.09 earnings per share for the current fiscal year.

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

Several hedge funds have recently made changes to their positions in the company. Avantax Advisory Services Inc. boosted its position in shares of Texas Instruments by 3.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 22,123 shares of the semiconductor company’s stock valued at $4,059,000 after acquiring an additional 799 shares during the last quarter. McKinley Carter Wealth Services Inc. boosted its position in shares of Texas Instruments by 7.2% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 10,853 shares of the semiconductor company’s stock valued at $1,991,000 after acquiring an additional 730 shares during the last quarter. ProVise Management Group LLC boosted its position in shares of Texas Instruments by 37.8% during the 1st quarter. ProVise Management Group LLC now owns 4,616 shares of the semiconductor company’s stock valued at $847,000 after acquiring an additional 1,267 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Texas Instruments by 5.5% during the 1st quarter. First Citizens Bank & Trust Co. now owns 2,572 shares of the semiconductor company’s stock valued at $472,000 after acquiring an additional 133 shares during the last quarter. Finally, Arrow Financial Corp boosted its position in shares of Texas Instruments by 8.3% during the 1st quarter. Arrow Financial Corp now owns 15,934 shares of the semiconductor company’s stock valued at $2,923,000 after acquiring an additional 1,222 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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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