Texas Instruments (NASDAQ:TXN) Stock Price Down 3.6% – Here’s Why

Texas Instruments Incorporated (NASDAQ:TXN) fell 3.6% during mid-day trading on Thursday . The company traded as low as $190.15 and last traded at $190.31. 635,299 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 4,600,653 shares. The stock had previously closed at $197.51.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays reduced their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Evercore ISI upped their target price on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Benchmark restated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Mizuho set a $200.00 target price on Texas Instruments in a report on Friday, October 18th. Finally, Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $209.71.

Texas Instruments Stock Performance

The company’s 50 day simple moving average is $195.35 and its 200 day simple moving average is $199.65. The stock has a market cap of $175.53 billion, a PE ratio of 35.77, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. Texas Instruments’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the business posted $1.80 earnings per share. Analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be issued a $1.36 dividend. The ex-dividend date is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.83%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Robert E. Sanchez sold 9,990 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the sale, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

Hedge funds have recently bought and sold shares of the company. Seven Eight Capital LP bought a new stake in shares of Texas Instruments during the 2nd quarter valued at about $1,185,000. XTX Topco Ltd bought a new stake in Texas Instruments during the second quarter valued at approximately $1,742,000. ProVise Management Group LLC grew its stake in Texas Instruments by 5.2% in the 2nd quarter. ProVise Management Group LLC now owns 8,908 shares of the semiconductor company’s stock worth $1,733,000 after buying an additional 442 shares in the last quarter. Cowa LLC bought a new position in shares of Texas Instruments in the 2nd quarter worth $219,000. Finally, Intech Investment Management LLC raised its position in shares of Texas Instruments by 5.9% during the 2nd quarter. Intech Investment Management LLC now owns 23,106 shares of the semiconductor company’s stock valued at $4,495,000 after buying an additional 1,289 shares in the last quarter. Hedge funds and other institutional investors 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.