Truist Financial Cuts Texas Instruments (NASDAQ:TXN) Price Target to $190.00

Texas Instruments (NASDAQ:TXN) had its target price decreased by stock analysts at Truist Financial from $198.00 to $190.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s target price points to a potential downside of 5.25% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. Citigroup raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $235.00 in a research note on Wednesday, August 21st. Evercore ISI increased their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. KeyCorp raised their price target on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, Mizuho set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $206.55.

Texas Instruments Price Performance

Shares of NASDAQ TXN traded up $6.55 during trading on Wednesday, hitting $200.52. 5,212,644 shares of the company were exchanged, compared to its average volume of 5,455,366. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.62 and a quick ratio of 3.49. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $214.66. The company has a market cap of $183.08 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 4.32 and a beta of 0.98. The firm’s fifty day moving average price is $203.31 and its 200 day moving average price is $194.94.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. Texas Instruments’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.80 earnings per share. On average, sell-side analysts expect that Texas Instruments will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares of the company’s stock, valued at $33,233,101.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,558 shares of company stock valued at $3,255,323. Insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ lifted its stake in Texas Instruments by 4.3% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 234,232 shares of the semiconductor company’s stock valued at $45,535,000 after buying an additional 9,608 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Texas Instruments by 16.9% in the first quarter. Nordea Investment Management AB now owns 1,005,547 shares of the semiconductor company’s stock worth $175,538,000 after buying an additional 145,328 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Texas Instruments by 60.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock valued at $33,909,000 after buying an additional 65,512 shares in the last quarter. Advisors Capital Management LLC raised its position in Texas Instruments by 185.7% during the first quarter. Advisors Capital Management LLC now owns 316,421 shares of the semiconductor company’s stock valued at $55,124,000 after buying an additional 205,676 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Texas Instruments by 454.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after acquiring an additional 1,029,741 shares in the last quarter. 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.