Texas Instruments (NASDAQ:TXN) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Monday, February 25th.
A number of other research analysts have also recently commented on TXN. BidaskClub raised Texas Instruments from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Bank of America cut Texas Instruments from a “buy” rating to a “neutral” rating and set a $89.50 target price on the stock. in a research note on Friday, January 4th. Robert W. Baird restated a “hold” rating and issued a $115.00 price objective on shares of Texas Instruments in a report on Wednesday, January 23rd. Finally, Deutsche Bank lowered their price objective on shares of Texas Instruments to $100.00 and set a “hold” rating for the company in a report on Thursday, January 24th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and an average target price of $108.74.
TXN traded down $2.54 during midday trading on Monday, reaching $109.68. 3,696,604 shares of the company were exchanged, compared to its average volume of 4,829,153. The firm has a market capitalization of $105.33 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.13 and a beta of 1.18. Texas Instruments has a one year low of $87.70 and a one year high of $118.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.38 and a current ratio of 3.27.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.75 billion. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 earnings per share. On average, equities analysts forecast that Texas Instruments will post 5.21 earnings per share for the current year.
In related news, insider Ahmad Bahai sold 26,963 shares of the stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $103.75, for a total transaction of $2,797,411.25. Following the completion of the sale, the insider now owns 58,928 shares of the company’s stock, valued at $6,113,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hagop H. Kozanian sold 7,800 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $100.74, for a total transaction of $785,772.00. Following the completion of the transaction, the insider now directly owns 45,159 shares of the company’s stock, valued at approximately $4,549,317.66. The disclosure for this sale can be found here. Insiders have sold a total of 256,061 shares of company stock worth $26,536,471 over the last quarter. 0.89% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Texas Instruments by 3.4% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,000 shares of the semiconductor company’s stock valued at $284,000 after purchasing an additional 100 shares during the period. Trust Co. of Vermont grew its position in shares of Texas Instruments by 1.0% in the fourth quarter. Trust Co. of Vermont now owns 10,811 shares of the semiconductor company’s stock valued at $1,022,000 after purchasing an additional 102 shares during the period. HighPoint Advisor Group LLC grew its position in shares of Texas Instruments by 0.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 17,387 shares of the semiconductor company’s stock valued at $1,868,000 after purchasing an additional 102 shares during the period. Balasa Dinverno & Foltz LLC lifted its stake in shares of Texas Instruments by 1.2% in the fourth quarter. Balasa Dinverno & Foltz LLC now owns 8,851 shares of the semiconductor company’s stock worth $836,000 after buying an additional 103 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its stake in shares of Texas Instruments by 1.2% in the fourth quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock worth $839,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 85.60% of the company’s stock.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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