Texas Instruments (NASDAQ:TXN) Raised to Strong Sell at Seaport Res Ptn

Texas Instruments (NASDAQ:TXN) was upgraded by Seaport Res Ptn to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also commented on the company. Cantor Fitzgerald reduced their price objective on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Rosenblatt Securities restated a “buy” rating and issued a $216.00 price objective on shares of Texas Instruments in a research report on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Texas Instruments from $230.00 to $195.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Finally, Argus upgraded shares of Texas Instruments to a “strong-buy” rating in a research report on Friday, April 25th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $189.41.

Texas Instruments Price Performance

Shares of TXN stock opened at $158.26 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The stock’s fifty day simple moving average is $170.98 and its 200 day simple moving average is $186.58. Texas Instruments has a one year low of $139.95 and a one year high of $220.39. The firm has a market cap of $144.00 billion, a price-to-earnings ratio of 30.49, a P/E/G ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.22. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 EPS. On average, analysts expect that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Insider Activity at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares of the company’s stock, 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. In the last quarter, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Instruments

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

About Texas Instruments

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.