Texas Instruments (NASDAQ:TXN) Price Target Lowered to $215.00 at Bank of America

Texas Instruments (NASDAQ:TXN) had its price objective reduced by research analysts at Bank of America from $220.00 to $215.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. Bank of America‘s price objective indicates a potential upside of 7.42% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. Stifel Nicolaus raised their price objective on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Truist Financial decreased their price target on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Citigroup upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the company from $200.00 to $235.00 in a report on Wednesday, August 21st. Finally, Evercore ISI upped 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. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $206.95.

Texas Instruments Price Performance

Texas Instruments stock traded up $6.18 during midday trading on Wednesday, reaching $200.15. 6,260,356 shares of the company were exchanged, compared to its average volume of 5,460,477. The firm’s 50-day simple moving average is $203.31 and its 200-day simple moving average is $194.94. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $214.66. The company has a market capitalization of $182.75 billion, a price-to-earnings ratio of 34.78, a P/E/G ratio of 4.32 and a beta of 0.98. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 earnings per share. On average, analysts anticipate that Texas Instruments will post 5.11 EPS for the current year.

Insider Activity

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,558 shares of company stock worth $3,255,323. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently made changes to their positions in the stock. Norwood Financial Corp acquired a new position in Texas Instruments in the first quarter worth about $32,000. Tsfg LLC increased its holdings in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares in the last quarter. Tradewinds Capital Management LLC increased its holdings in shares of Texas Instruments by 71.1% during the first quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after buying an additional 101 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Texas Instruments during the third quarter worth approximately $43,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of Texas Instruments during the first quarter worth approximately $44,000. 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.