Barclays Lowers Texas Instruments (NASDAQ:TXN) Price Target to $180.00

Texas Instruments (NASDAQ:TXN) had its price objective reduced by Barclays from $200.00 to $180.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the semiconductor company’s stock. Barclays‘s target price points to a potential downside of 4.86% from the company’s current price.

TXN has been the subject of a number of other reports. Susquehanna cut their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Bank of America cut their price objective on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research note on Tuesday. Mizuho set a $200.00 price objective on Texas Instruments in a research note on Friday, October 18th. Finally, Wells Fargo & Company cut their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $209.45.

Texas Instruments Stock Performance

Shares of NASDAQ TXN traded down $11.41 during midday trading on Friday, hitting $189.20. 4,053,216 shares of the company’s stock traded hands, compared to its average volume of 6,111,181. Texas Instruments has a 1 year low of $155.46 and a 1 year high of $220.38. The stock has a market capitalization of $172.59 billion, a price-to-earnings ratio of 35.29, a price-to-earnings-growth ratio of 3.84 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. The firm has a fifty day moving average of $193.80 and a 200 day moving average of $199.56.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same quarter last year, the company posted $1.49 earnings per share. On average, analysts forecast that Texas Instruments will post 5.08 earnings per share for the current year.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now owns 14,323 shares in the company, valued at approximately $2,912,295.59. This represents a 42.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp increased its stake in Texas Instruments by 0.9% in the third quarter. State Street Corp now owns 41,679,234 shares of the semiconductor company’s stock worth $8,609,679,000 after purchasing an additional 391,306 shares during the period. Geode Capital Management LLC increased its stake in Texas Instruments by 2.3% in the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock worth $4,382,936,000 after purchasing an additional 487,892 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Texas Instruments by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 19,250,433 shares of the semiconductor company’s stock worth $3,976,562,000 after purchasing an additional 782,053 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Texas Instruments by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,060,213 shares of the semiconductor company’s stock worth $1,664,998,000 after purchasing an additional 36,441 shares during the period. Finally, Legal & General Group Plc increased its stake in Texas Instruments by 0.8% in the second quarter. Legal & General Group Plc now owns 7,831,270 shares of the semiconductor company’s stock worth $1,523,415,000 after purchasing an additional 64,067 shares during the period. 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.