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

Texas Instruments (NASDAQ:TXN) had its price objective dropped by stock analysts at Stifel Nicolaus from $200.00 to $160.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 8.98% from the company’s current price.

A number of other brokerages have also recently commented on TXN. Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Truist Financial reduced their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 target price for the company in a report on Monday, April 7th. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Barclays dropped their price objective on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $206.86.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded up $0.27 during midday trading on Thursday, reaching $146.82. 1,060,681 shares of the company were exchanged, compared to its average volume of 7,517,098. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a market cap of $133.59 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The business’s fifty day moving average is $178.34 and its two-hundred day moving average is $190.25. Texas Instruments has a one year low of $139.95 and a one year high of $220.38.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter in the prior year, the firm posted $1.49 earnings per share. As a group, analysts predict that Texas Instruments will post 5.35 earnings per share for the current year.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the sale, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This trade represents a 35.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,655 shares of company stock valued at $59,841,304. Company insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TXN. Exchange Traded Concepts LLC boosted its position in shares of Texas Instruments by 574.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 10,292 shares of the semiconductor company’s stock worth $1,849,000 after purchasing an additional 8,765 shares in the last quarter. Atlas Private Wealth Advisors boosted its holdings in Texas Instruments by 2.4% in the first quarter. Atlas Private Wealth Advisors now owns 3,515 shares of the semiconductor company’s stock worth $632,000 after acquiring an additional 83 shares in the last quarter. Prentice Wealth Management LLC grew its stake in shares of Texas Instruments by 4.2% during the first quarter. Prentice Wealth Management LLC now owns 3,047 shares of the semiconductor company’s stock worth $548,000 after acquiring an additional 122 shares during the last quarter. Aries Wealth Management increased its holdings in shares of Texas Instruments by 2.1% during the first quarter. Aries Wealth Management now owns 6,344 shares of the semiconductor company’s stock valued at $1,140,000 after acquiring an additional 131 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in shares of Texas Instruments by 14.6% in the 1st quarter. Ritholtz Wealth Management now owns 9,372 shares of the semiconductor company’s stock valued at $1,684,000 after purchasing an additional 1,195 shares during the last quarter. 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.