Texas Instruments (NASDAQ:TXN) Price Target Lowered to $190.00 at Bank of America

Texas Instruments (NASDAQ:TXN – Get Rating) had its price target decreased by stock analysts at Bank of America from $200.00 to $190.00 in a research note issued to investors on Wednesday, Briefing.com reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s price objective would suggest a potential upside of 12.80% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Truist Financial lowered their price objective on shares of Texas Instruments from $189.00 to $172.00 in a research note on Wednesday. StockNews.com assumed coverage on shares of Texas Instruments in a research note on Thursday, March 31st. They set a “buy” rating for the company. JPMorgan Chase & Co. lifted their price objective on shares of Texas Instruments from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Texas Instruments from $170.00 to $180.00 in a research note on Wednesday, January 26th. Finally, Evercore ISI lowered their price objective on shares of Texas Instruments from $210.00 to $190.00 and set an “in-line” rating for the company in a research note on Wednesday, January 26th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $197.36.

Shares of TXN opened at $168.44 on Wednesday. The company has a market cap of $155.45 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.09 and a beta of 0.95. Texas Instruments has a twelve month low of $161.04 and a twelve month 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. The company has a 50 day moving average of $174.92 and a two-hundred day moving average of $182.77.

Texas Instruments (NASDAQ:TXN – Get Rating) last announced its earnings results on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.17. The company had revenue of $4.91 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $1.87 earnings per share. On average, sell-side analysts expect that Texas Instruments will post 9.09 EPS for the current year.

In related news, Director Mark A. Blinn sold 4,095 shares of the company’s stock in a transaction dated Friday, February 4th. The shares were sold at an average price of $170.54, for a total transaction of $698,361.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Amichai Ron sold 2,037 shares of the business’s stock in a transaction dated Tuesday, February 8th. The shares were sold at an average price of $171.96, for a total transaction of $350,282.52. The disclosure for this sale can be found here. Insiders have sold 39,601 shares of company stock valued at $6,987,383 in the last three months. Corporate insiders own 0.54% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Avantax Advisory Services Inc. boosted its position in Texas Instruments by 3.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 22,123 shares of the semiconductor company’s stock valued at $4,059,000 after buying an additional 799 shares during the period. McKinley Carter Wealth Services Inc. boosted its position in Texas Instruments by 7.2% in 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 buying an additional 730 shares during the period. ProVise Management Group LLC boosted its position in Texas Instruments by 37.8% in the 1st quarter. ProVise Management Group LLC now owns 4,616 shares of the semiconductor company’s stock valued at $847,000 after buying an additional 1,267 shares during the period. First Citizens Bank & Trust Co. boosted its position in Texas Instruments by 5.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 2,572 shares of the semiconductor company’s stock valued at $472,000 after buying an additional 133 shares during the period. Finally, Arrow Financial Corp boosted its position in Texas Instruments by 8.3% in the 1st quarter. Arrow Financial Corp now owns 15,934 shares of the semiconductor company’s stock valued at $2,923,000 after buying an additional 1,222 shares during the period. 82.99% of the stock is 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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