Texas Instruments (NASDAQ:TXN) Price Target Lowered to $195.00 at Truist Financial

Texas Instruments (NASDAQ:TXN) had its price target lowered by Truist Financial from $199.00 to $195.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the semiconductor company’s stock.

A number of other equities analysts have also issued reports on TXN. Bank of America cut their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Texas Instruments in a research report on Tuesday. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company decreased their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Trading Down 7.5 %

NASDAQ:TXN opened at $185.52 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments has a 12 month low of $155.46 and a 12 month high of $220.38. The firm has a market capitalization of $169.24 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 3.84 and a beta of 0.98. The business’s 50-day moving average is $193.69 and its two-hundred day moving average is $199.57.

Texas Instruments (NASDAQ:TXN) last announced its earnings results 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 net margin of 31.60% and a return on equity of 29.05%. During the same period in the prior year, the firm earned $1.49 earnings per share. Research analysts predict that Texas Instruments will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued 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 dividend yield of 2.93%. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is owned by insiders.

Institutional Trading of Texas Instruments

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fiduciary Alliance LLC boosted its holdings in Texas Instruments by 25.3% during the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock worth $6,901,000 after buying an additional 7,424 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of Texas Instruments by 5.9% during the 3rd quarter. Townsquare Capital LLC now owns 93,689 shares of the semiconductor company’s stock valued at $19,353,000 after acquiring an additional 5,201 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of 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 acquiring an additional 1,029,741 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Texas Instruments by 4.4% in the 4th quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock worth $18,724,000 after acquiring an additional 4,238 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Texas Instruments by 0.3% during the third quarter. Swiss National Bank now owns 2,702,500 shares of the semiconductor company’s stock worth $558,255,000 after purchasing an additional 8,100 shares during the period. Institutional investors own 84.99% of the company’s stock.

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.