Barclays Downgrades Texas Instruments (NASDAQ:TXN) to Underweight

Texas Instruments (NASDAQ:TXN - Get Free Report) was downgraded by research analysts at Barclays from an "equal weight" rating to an "underweight" rating in a note issued to investors on Tuesday,Finviz reports. They presently have a $125.00 price target on the semiconductor company's stock. Barclays's target price would suggest a potential downside of 14.15% from the company's current price.

A number of other analysts also recently weighed in on TXN. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price target for the company in a report on Monday, April 7th. Baird R W raised Texas Instruments from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Stifel Nicolaus reduced their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Citigroup dropped their target price on shares of Texas Instruments from $235.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Benchmark restated a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of "Hold" and a consensus target price of $204.24.

Texas Instruments Trading Down 1.9 %

Shares of TXN stock opened at $145.61 on Tuesday. The stock's fifty day simple moving average is $176.39 and its 200 day simple moving average is $188.90. Texas Instruments has a twelve month low of $139.95 and a twelve month high of $220.39. The firm has a market capitalization of $132.49 billion, a P/E ratio of 28.06, a P/E/G ratio of 3.30 and a beta of 0.99. 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 - Get Free Report) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the business posted $1.49 EPS. As a group, sell-side analysts predict that Texas Instruments will post 5.35 EPS for the current fiscal year.

Insider Activity

In related news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred 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 sale, the director now owns 11,717 shares of the company's stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. 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 stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 297,655 shares of company stock valued at $59,841,304 in the last ninety days. 0.57% of the stock is currently owned by insiders.

Institutional Trading of 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 worth $25,000. Financial Life Planners bought a new stake in shares of Texas Instruments during the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Texas Instruments in the fourth quarter worth about $27,000. Summit Securities Group LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the fourth quarter valued at approximately $28,000. Institutional investors own 84.99% of the company's stock.

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.

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