Texas Instruments (NASDAQ:TXN) Cut to “Underweight” at Barclays

Barclays downgraded shares of Texas Instruments (NASDAQ:TXN) from an equal weight rating to an underweight rating in a research report report published on Tuesday morning, Marketbeat Ratings reports. Barclays currently has $125.00 price target on the semiconductor company’s stock, down from their previous price target of $180.00.

Other research analysts have also recently issued reports about the stock. Citigroup decreased their price objective on shares of Texas Instruments from $235.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Robert W. Baird raised Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research note on Monday, April 7th. UBS Group decreased their target price on Texas Instruments from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Stifel Nicolaus dropped their target price on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, ten have given 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.com, the stock has a consensus rating of “Hold” and a consensus price target of $191.62.

Texas Instruments Price Performance

Shares of Texas Instruments stock opened at $162.13 on Tuesday. 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 has a twelve month low of $139.95 and a twelve month high of $220.39. The company has a 50-day simple moving average of $174.68 and a two-hundred day simple moving average of $188.09. The stock has a market capitalization of $147.53 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. Analysts forecast that Texas Instruments will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Wednesday, April 30th. Texas Instruments’s dividend payout ratio is 104.82%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock worth $59,841,304 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently modified their holdings of TXN. Promus Capital LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at $25,000. Financial Life Planners acquired a new stake in shares of Texas Instruments in the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new position in Texas Instruments in the 4th quarter valued at about $27,000. Summit Securities Group LLC acquired a new position in Texas Instruments during the 4th quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Texas Instruments during the 4th quarter worth approximately $28,000. Institutional investors own 84.99% of the company’s stock.

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.