Texas Instruments (NASDAQ:TXN) Price Target Cut to $210.00 by Analysts at Citigroup

Texas Instruments (NASDAQ:TXN) had its target price cut by Citigroup from $235.00 to $210.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other research analysts have also weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial lowered their price target on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Robert W. Baird upgraded shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 target price on the stock in a report on Monday, April 7th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a research note on Tuesday, January 21st. Finally, Barclays reduced their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $207.95.

Texas Instruments Trading Down 5.7 %

NASDAQ TXN opened at $147.60 on Friday. The stock has a 50 day simple moving average of $180.26 and a two-hundred day simple moving average of $191.24. Texas Instruments has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The stock has a market cap of $134.30 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same quarter in the previous year, the business posted $1.49 EPS. On average, analysts forecast that Texas Instruments will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares in the company, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 over the last 90 days. 0.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Texas Instruments

A number of hedge funds have recently added to or reduced their stakes in the stock. Joule Financial LLC lifted its position in shares of Texas Instruments by 2.6% in the 1st quarter. Joule Financial LLC now owns 3,010 shares of the semiconductor company’s stock worth $541,000 after purchasing an additional 75 shares during the period. Stokes Capital Advisors LLC grew its stake in Texas Instruments by 3.0% in the first quarter. Stokes Capital Advisors LLC now owns 43,760 shares of the semiconductor company’s stock valued at $7,864,000 after purchasing an additional 1,264 shares during the last quarter. McNamara Financial Services Inc. purchased a new position in shares of Texas Instruments in the 1st quarter worth approximately $350,000. Procyon Advisors LLC increased its position in shares of Texas Instruments by 18.0% during the first quarter. Procyon Advisors LLC now owns 15,502 shares of the semiconductor company’s stock worth $2,687,000 after purchasing an additional 2,369 shares in the last quarter. Finally, Avity Investment Management Inc. lifted its holdings in shares of Texas Instruments by 1.1% during the 1st quarter. Avity Investment Management Inc. now owns 201,024 shares of the semiconductor company’s stock valued at $36,124,000 after purchasing an additional 2,102 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

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.