Wells Fargo & Company Lowers Texas Instruments (NASDAQ:TXN) Price Target to $208.00

Texas Instruments (NASDAQ:TXN) had its price target cut by equities research analysts at Wells Fargo & Company from $215.00 to $208.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 9.32% from the company’s current price.

A number of other equities analysts have also commented on TXN. Susquehanna reduced their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Robert W. Baird reduced their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Finally, Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $209.71.

Texas Instruments Stock Up 0.1 %

Texas Instruments stock traded up $0.11 during mid-day trading on Monday, hitting $190.26. The company’s stock had a trading volume of 906,697 shares, compared to its average volume of 4,395,340. The firm’s 50 day moving average is $196.73 and its 200 day moving average is $199.78. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. Texas Instruments has a 52-week low of $155.46 and a 52-week high of $220.38. The company has a market cap of $173.56 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 4.19 and a beta of 0.98.

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, beating the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.80 EPS. On average, analysts anticipate that Texas Instruments will post 5.08 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the transaction, the director now owns 20,461 shares in the company, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the sale, the director now owns 14,323 shares of the company’s stock, valued at $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Instruments

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