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

Texas Instruments Incorporated (NASDAQ:TXNGet Free Report) 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.

A number of other equities analysts have also recently issued reports on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Texas Instruments in a research note on Friday. Benchmark reaffirmed a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Friday. Susquehanna cut their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Tuesday. Finally, Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $209.20.

Read Our Latest Stock Report on TXN

Insider Activity

In other news, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares in the company, valued at $2,912,295.59. This trade 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 at the SEC website. Corporate insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Calamos Wealth Management LLC lifted its position in Texas Instruments by 6.5% during the 4th quarter. Calamos Wealth Management LLC now owns 1,893 shares of the semiconductor company’s stock worth $355,000 after buying an additional 116 shares in the last quarter. Patron Partners LLC raised its holdings in Texas Instruments by 2.3% during the fourth quarter. Patron Partners LLC now owns 4,236 shares of the semiconductor company’s stock worth $794,000 after acquiring an additional 94 shares in the last quarter. Trust Point Inc. boosted its position in Texas Instruments by 9.9% during the fourth quarter. Trust Point Inc. now owns 8,069 shares of the semiconductor company’s stock valued at $1,513,000 after purchasing an additional 728 shares during the last quarter. Alliance Wealth Advisors LLC UT grew its stake in Texas Instruments by 1.4% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 15,219 shares of the semiconductor company’s stock valued at $2,854,000 after purchasing an additional 208 shares in the last quarter. Finally, Financial Life Planners acquired a new position in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Down 7.5 %

The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average price of $193.69 and a 200-day moving average price of $199.57. The company has a market cap of $169.24 billion, a P/E ratio of 34.48, a PEG ratio of 3.84 and a beta of 0.98.

Texas Instruments (NASDAQ:TXNGet Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company earned $1.49 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 101.12%.

Texas Instruments Company Profile

(Get Free Report)

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.

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