Texas Instruments (NASDAQ:TXN) Lowered to “Underweight” Rating by Barclays

Barclays downgraded shares of Texas Instruments (NASDAQ:TXN) from an equal weight rating to an underweight rating in a research report released on Tuesday, Marketbeat.com reports. Barclays currently has $125.00 price target on the semiconductor company’s stock, down from their prior price target of $180.00.

TXN has been the subject of several other research reports. Mizuho cut their price objective on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Stifel Nicolaus cut their price target on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company lowered their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. UBS Group cut their target price on shares of Texas Instruments from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $204.24.

Texas Instruments Stock Performance

Shares of TXN opened at $146.76 on Tuesday. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments has a 12 month low of $139.95 and a 12 month high of $220.39. The firm has a fifty day simple moving average of $175.71 and a 200 day simple moving average of $188.61. The stock has a market capitalization of $133.54 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the business posted $1.49 earnings per share. Research analysts forecast that Texas Instruments will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.71%. The ex-dividend date is Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Insiders Place Their Bets

In related news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 in the last quarter. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of Texas Instruments

A number of institutional investors and hedge funds have recently made changes to their positions in TXN. Promus Capital LLC acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $25,000. Financial Life Planners bought a new position in Texas Instruments in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new position in Texas Instruments in the fourth quarter valued at about $27,000. Summit Securities Group LLC acquired a new position in Texas Instruments during the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments in the fourth quarter worth about $28,000. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.