Benchmark Has Lowered Expectations for Texas Instruments (NASDAQ:TXN) Stock Price

Texas Instruments (NASDAQ:TXN) had its price target cut by Benchmark from $230.00 to $200.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

TXN has been the subject of a number of other research reports. Mizuho reduced their price target on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Truist Financial lowered their target price on shares of Texas Instruments from $195.00 to $171.00 and set a “hold” rating on the stock in a research note on Thursday. Barclays lowered shares of Texas Instruments from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $180.00 to $125.00 in a research note on Tuesday. TD Securities reiterated a “hold” rating and set a $160.00 price objective on shares of Texas Instruments in a research note on Thursday. Finally, UBS Group decreased their price target on Texas Instruments from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average price target of $190.67.

Texas Instruments Stock Up 6.6 %

TXN stock opened at $162.13 on Thursday. The stock has a market cap of $147.53 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The firm’s 50-day simple moving average is $174.68 and its 200 day simple moving average is $188.09. Texas Instruments has a fifty-two week low of $139.95 and a fifty-two week high of $220.39. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.06 by $0.22. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. As a group, sell-side analysts predict that Texas Instruments will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.36%. The ex-dividend date is Wednesday, April 30th. Texas Instruments’s dividend payout ratio (DPR) is currently 104.82%.

Insider Activity

In other news, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total value of $19,175,930.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Blinn sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total transaction of $106,618.90. Following the transaction, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of Texas Instruments

Several hedge funds and other institutional investors have recently modified their holdings of TXN. Vanguard Group Inc. raised its stake in shares of Texas Instruments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 93,567,277 shares of the semiconductor company’s stock worth $17,544,800,000 after purchasing an additional 649,620 shares in the last quarter. Geode Capital Management LLC increased its holdings in Texas Instruments by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company’s stock worth $4,032,599,000 after buying an additional 267,352 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Texas Instruments by 11.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,487,468 shares of the semiconductor company’s stock valued at $4,029,115,000 after acquiring an additional 2,237,035 shares in the last quarter. Norges Bank acquired a new stake in Texas Instruments in the fourth quarter valued at approximately $2,584,490,000. Finally, Alliancebernstein L.P. grew its position in Texas Instruments by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company’s stock worth $2,382,684,000 after acquiring an additional 822,797 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.