UBS Group Cuts Texas Instruments (NASDAQ:TXN) Price Target to $225.00

Texas Instruments (NASDAQ:TXN) had its target price lowered by UBS Group from $250.00 to $225.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other brokerages have also issued reports on TXN. Truist Financial decreased their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, January 24th. Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Wells Fargo & Company dropped 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 report on Monday, January 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Robert W. Baird raised Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price target on the stock in a research note on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $208.76.

Texas Instruments Stock Performance

Shares of TXN stock opened at $146.55 on Monday. The stock has a market cap of $133.35 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The stock has a 50-day moving average of $178.34 and a 200-day moving average of $190.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments has a one year low of $139.95 and a one year high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 period last year, the firm earned $1.49 EPS. As a group, sell-side analysts expect that Texas Instruments will post 5.35 earnings per share for the current year.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TXN. Howard Capital Management Group LLC bought a new position in shares of Texas Instruments in the third quarter worth $202,000. Invst LLC acquired a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $209,000. Anchor Investment Management LLC lifted its holdings in shares of Texas Instruments by 25.7% during the 3rd quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company’s stock worth $2,403,000 after acquiring an additional 2,378 shares during the period. Pine Valley Investments Ltd Liability Co boosted its position in shares of Texas Instruments by 1.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 18,599 shares of the semiconductor company’s stock worth $3,842,000 after acquiring an additional 197 shares in the last quarter. Finally, World Investment Advisors LLC increased its stake in Texas Instruments by 156.4% in the third quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company’s stock valued at $1,444,000 after acquiring an additional 4,266 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

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.