Longbow Research Downgrades Texas Instruments (NASDAQ:TXN) to Neutral

Texas Instruments (NASDAQ:TXN) was downgraded by Longbow Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, Analyst Ratings Network reports.

A number of other equities research analysts also recently commented on TXN. Citigroup lifted their target price on Texas Instruments from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, July 15th. Susquehanna Bancshares raised their price target on shares of Texas Instruments from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Thursday, July 1st. Summit Insights cut Texas Instruments from a “buy” rating to a “hold” rating in a report on Thursday, July 22nd. Zacks Investment Research lowered Texas Instruments from a “buy” rating to a “hold” rating and set a $201.00 price objective on the stock. in a report on Tuesday, June 29th. Finally, Raymond James upped their target price on shares of Texas Instruments from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, July 22nd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $203.88.

Shares of TXN stock opened at $192.96 on Monday. The company has a current ratio of 5.08, a quick ratio of 4.23 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average price is $189.70 and its 200-day moving average price is $187.26. The stock has a market cap of $178.14 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01. Texas Instruments has a 12 month low of $134.12 and a 12 month high of $197.59.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 20th. The semiconductor company reported $2.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.23. Texas Instruments had a return on equity of 69.28% and a net margin of 40.12%. The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. Texas Instruments’s revenue was up 41.4% compared to the same quarter last year. On average, sell-side analysts forecast that Texas Instruments will post 7.88 earnings per share for the current fiscal year.

In related news, Director Jean M. Hobby sold 900 shares of the company’s stock in a transaction dated Thursday, August 5th. The shares were sold at an average price of $192.04, for a total value of $172,836.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Julie C. Knecht sold 7,399 shares of the company’s stock in a transaction on Thursday, August 5th. The shares were sold at an average price of $192.17, for a total value of $1,421,865.83. Following the completion of the sale, the chief accounting officer now owns 16,472 shares in the company, valued at $3,165,424.24. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Baker Tilly Wealth Management LLC grew its holdings in Texas Instruments by 132.0% during the first quarter. Baker Tilly Wealth Management LLC now owns 5,709 shares of the semiconductor company’s stock valued at $1,079,000 after purchasing an additional 3,248 shares during the period. Gardner Lewis Asset Management L P acquired a new position in shares of Texas Instruments during the 1st quarter worth about $1,086,000. First Heartland Consultants Inc. increased its stake in shares of Texas Instruments by 53.9% during the 1st quarter. First Heartland Consultants Inc. now owns 5,403 shares of the semiconductor company’s stock worth $1,021,000 after purchasing an additional 1,892 shares during the last quarter. Victory Capital Management Inc. raised its stake in Texas Instruments by 19.4% in the second quarter. Victory Capital Management Inc. now owns 1,556,404 shares of the semiconductor company’s stock valued at $299,297,000 after buying an additional 252,773 shares during the period. Finally, CCLA Investment Management Ltd grew its position in shares of Texas Instruments by 6.1% in the first quarter. CCLA Investment Management Ltd now owns 513,909 shares of the semiconductor company’s stock valued at $97,105,000 after purchasing an additional 29,642 shares during the last quarter. Institutional investors and hedge funds own 82.51% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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