Texas Instruments (NASDAQ:TXN) PT Lowered to $170.00

Texas Instruments (NASDAQ:TXNGet Rating) had its price objective lowered by investment analysts at Stifel Nicolaus from $180.00 to $170.00 in a research note issued to investors on Wednesday, The Fly reports. Stifel Nicolaus’ target price indicates a potential upside of 0.93% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. boosted their price target on Texas Instruments from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 26th. Edward Jones downgraded Texas Instruments from a “buy” rating to a “hold” rating in a report on Friday, February 11th. Morgan Stanley cut their price target on Texas Instruments from $198.00 to $181.00 and set an “underweight” rating for the company in a report on Monday. Barclays dropped their price objective on Texas Instruments from $170.00 to $150.00 in a report on Wednesday. Finally, Citigroup dropped their price objective on Texas Instruments from $187.00 to $160.00 in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $199.95.

NASDAQ:TXN opened at $168.44 on Wednesday. Texas Instruments has a 12-month low of $161.04 and a 12-month 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 firm 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. The stock has a fifty day moving average price of $174.92 and a 200 day moving average price of $182.77.

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

In related news, VP Amichai Ron sold 2,037 shares of the firm’s stock in a transaction on Tuesday, February 8th. The shares were 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 SEC, which is available through this hyperlink. Also, Director Mark A. Blinn sold 4,095 shares of the firm’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 disclosure for this sale can be found here. In the last quarter, insiders sold 39,601 shares of company stock valued at $6,987,383. Insiders own 0.54% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Claro Advisors LLC boosted its holdings in shares of Texas Instruments by 5.0% in the 3rd quarter. Claro Advisors LLC now owns 1,171 shares of the semiconductor company’s stock valued at $225,000 after buying an additional 56 shares in the last quarter. Vigilare Wealth Management boosted its holdings in shares of Texas Instruments by 1.7% in the 1st quarter. Vigilare Wealth Management now owns 3,538 shares of the semiconductor company’s stock valued at $649,000 after buying an additional 59 shares in the last quarter. Atticus Wealth Management LLC boosted its holdings in shares of Texas Instruments by 9.8% in the 1st quarter. Atticus Wealth Management LLC now owns 662 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 59 shares in the last quarter. Mitchell Sinkler & Starr PA boosted its holdings in shares of Texas Instruments by 1.4% in the 1st quarter. Mitchell Sinkler & Starr PA now owns 4,335 shares of the semiconductor company’s stock valued at $795,000 after buying an additional 59 shares in the last quarter. Finally, Uncommon Cents Investing LLC boosted its holdings in shares of Texas Instruments by 1.8% in the 1st quarter. Uncommon Cents Investing LLC now owns 3,310 shares of the semiconductor company’s stock valued at $607,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

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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