Wells Fargo & Company Lowers Texas Instruments (NASDAQ:TXN) Price Target to $208.00

Texas Instruments (NASDAQ:TXN) had its price target decreased by stock analysts at Wells Fargo & Company from $215.00 to $208.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 7.49% from the company’s previous close.

TXN has been the subject of a number of other reports. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Susquehanna dropped their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Evercore ISI upped their price target on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Finally, Truist Financial cut their target price on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $209.71.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $193.50 on Monday. The stock has a market capitalization of $176.51 billion, a P/E ratio of 35.97, a P/E/G ratio of 4.19 and a beta of 0.98. The business has a 50-day moving average of $196.30 and a two-hundred day moving average of $199.76. Texas Instruments has a fifty-two week low of $155.46 and a fifty-two week high of $220.38. 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 (NASDAQ:TXN) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the company earned $1.80 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities research analysts predict that Texas Instruments will post 5.08 EPS for the current fiscal year.

Insider Activity

In other news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $2,912,295.59. This represents a 42.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the transaction, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Prime Capital Investment Advisors LLC increased its position in Texas Instruments by 22.4% in the second quarter. Prime Capital Investment Advisors LLC now owns 20,843 shares of the semiconductor company’s stock worth $4,055,000 after purchasing an additional 3,813 shares during the period. Fairfield Financial Advisors LTD acquired a new stake in shares of Texas Instruments during the 2nd quarter worth approximately $165,000. Abound Wealth Management grew its position in shares of Texas Instruments by 252.4% during the 2nd quarter. Abound Wealth Management now owns 504 shares of the semiconductor company’s stock worth $98,000 after buying an additional 361 shares during the period. One Capital Management LLC lifted its holdings in Texas Instruments by 47.3% in the second quarter. One Capital Management LLC now owns 3,188 shares of the semiconductor company’s stock valued at $620,000 after buying an additional 1,024 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its stake in Texas Instruments by 25.4% in the second quarter. Citizens Financial Group Inc. RI now owns 37,007 shares of the semiconductor company’s stock valued at $7,199,000 after acquiring an additional 7,501 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

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.