Texas Instruments (NASDAQ:TXN) Reaches New 1-Year Low After Analyst Downgrade

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report)'s stock price reached a new 52-week low during trading on Friday after UBS Group lowered their price target on the stock from $250.00 to $225.00. UBS Group currently has a buy rating on the stock. Texas Instruments traded as low as $139.95 and last traded at $144.61, with a volume of 4295960 shares. The stock had previously closed at $156.60.

Other equities research analysts have also issued research reports about the company. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 price objective on the stock in a research report on Monday, April 7th. Wells Fargo & Company dropped their price target on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Truist Financial dropped their target price on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a report on Friday, January 24th. 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. Finally, Mizuho dropped their price target on Texas Instruments from $200.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $208.76.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 590 shares of Texas Instruments 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 transaction, the director now owns 11,717 shares of the company's stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred 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 completion of the transaction, the director now owns 10,816 shares of the company's stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 297,655 shares of company stock worth $59,841,304. 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 bought and sold shares of the business. Howard Capital Management Group LLC acquired a new stake in shares of Texas Instruments during the 3rd quarter valued at $202,000. Invst LLC acquired a new position in shares of Texas Instruments in the third quarter worth $209,000. Anchor Investment Management LLC boosted its position in Texas Instruments by 25.7% during the third quarter. Anchor Investment Management LLC now owns 11,633 shares of the semiconductor company's stock valued at $2,403,000 after purchasing an additional 2,378 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its position in Texas Instruments by 1.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 18,599 shares of the semiconductor company's stock worth $3,842,000 after purchasing an additional 197 shares during the last quarter. Finally, World Investment Advisors LLC increased its holdings in Texas Instruments by 156.4% in the third quarter. World Investment Advisors LLC now owns 6,993 shares of the semiconductor company's stock worth $1,444,000 after buying an additional 4,266 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Down 3.5 %

The company's 50 day moving average price is $179.01 and its 200 day moving average price is $190.56. The company has a market cap of $132.69 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period last year, the company posted $1.49 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a yield of 3.73%. Texas Instruments's dividend payout ratio is 104.82%.

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.