Texas Instruments (NASDAQ:TXN) Shares Gap Down on Analyst Downgrade

Texas Instruments Incorporated (NASDAQ:TXN)’s share price gapped down prior to trading on Friday after Mizuho lowered their price target on the stock from $200.00 to $190.00. The stock had previously closed at $200.61, but opened at $190.00. Mizuho currently has a neutral rating on the stock. Texas Instruments shares last traded at $190.73, with a volume of 2,957,598 shares trading hands.

TXN has been the subject of several other reports. Truist Financial decreased their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday. Benchmark reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Friday. Morgan Stanley increased their price objective on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. 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 report on Monday, January 13th. Finally, Evercore ISI raised their price target on Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Two 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $209.20.

Insiders Place Their Bets

In other news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company’s stock, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Instruments

Hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in Texas Instruments by 948.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,794,646 shares of the semiconductor company’s stock worth $899,044,000 after purchasing an additional 4,337,295 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Texas Instruments by 454.5% during 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 purchasing an additional 1,029,741 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Texas Instruments by 4.2% during the 3rd 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 last quarter. International Assets Investment Management LLC increased its holdings in Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after purchasing an additional 609,905 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Texas Instruments by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock valued at $4,382,936,000 after acquiring an additional 487,892 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Stock Down 7.5 %

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 market capitalization of $169.23 billion, a P/E ratio of 34.48, a P/E/G ratio of 3.84 and a beta of 0.98. The stock has a fifty day moving average price of $193.38 and a two-hundred day moving average price of $199.46.

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

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a yield of 2.93%. Texas Instruments’s dividend payout ratio is currently 104.82%.

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.