Texas Instruments (NASDAQ:TXN) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Texas Instruments Incorporated (NASDAQ:TXN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $199.93 and traded as low as $186.06. Texas Instruments shares last traded at $187.51, with a volume of 3,048,395 shares.

Wall Street Analysts Forecast Growth

TXN has been the topic of several analyst reports. Susquehanna lowered their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Monday, October 21st. Truist Financial dropped their price target on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a report on Wednesday, October 23rd. Bank of America dropped their target price on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company assumed coverage on Texas Instruments in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $215.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $210.05.

Texas Instruments Price Performance

The stock has a market cap of $173.79 billion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 4.19 and a beta of 0.97. The company has a 50-day simple moving average of $198.57 and a two-hundred day simple moving average of $199.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.80 earnings per share. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. Texas Instruments’s payout ratio is currently 101.12%.

Insiders Place Their Bets

In other news, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 20,461 shares in the company, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ronald Kirk sold 10,539 shares of the company’s 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors have recently added to or reduced their stakes in the business. MidAtlantic Capital Management Inc. bought a new stake in Texas Instruments in the third quarter valued at approximately $28,000. Tsfg LLC boosted its stake in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Texas Instruments during the third quarter worth $39,000. FSA Wealth Management LLC bought a new position in Texas Instruments during the third quarter worth $41,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Texas Instruments in the third quarter valued at $43,000. 84.99% of the stock is owned by institutional investors.

About Texas Instruments

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.