Texas Instruments (NASDAQ:TXN) Shares Down 3.6% - What's Next?

Texas Instruments Incorporated (NASDAQ:TXN - Get Free Report) dropped 3.6% during mid-day trading on Thursday . The company traded as low as $190.15 and last traded at $190.31. Approximately 635,299 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 4,600,653 shares. The stock had previously closed at $197.51.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Texas Instruments from $210.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 23rd. Bank of America lowered their price objective on Texas Instruments from $220.00 to $215.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Evercore ISI increased their target price on Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Summit Insights raised Texas Instruments from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. Finally, Susquehanna dropped their price target on Texas Instruments from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $209.71.

Texas Instruments Price Performance

The firm has a market capitalization of $175.53 billion, a P/E ratio of 35.77, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average price of $195.35 and a 200-day moving average price of $199.65.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the company earned $1.80 earnings per share. Texas Instruments's revenue was down 8.4% on a year-over-year basis. On average, analysts expect that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Friday, January 31st. Texas Instruments's dividend payout ratio (DPR) is currently 101.12%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Texas Instruments

A number of hedge funds have recently added to or reduced their stakes in TXN. Cerro Pacific Wealth Advisors LLC boosted its holdings in shares of Texas Instruments by 12.1% in the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 3,188 shares of the semiconductor company's stock valued at $659,000 after purchasing an additional 343 shares during the period. Veracity Capital LLC raised its position in Texas Instruments by 8.1% during the 4th quarter. Veracity Capital LLC now owns 2,326 shares of the semiconductor company's stock valued at $436,000 after purchasing an additional 174 shares in the last quarter. Red Door Wealth Management LLC raised its position in Texas Instruments by 10.0% during the 4th quarter. Red Door Wealth Management LLC now owns 1,920 shares of the semiconductor company's stock valued at $360,000 after purchasing an additional 174 shares in the last quarter. Capital Planning Advisors LLC lifted its holdings in shares of Texas Instruments by 7.4% in the 4th quarter. Capital Planning Advisors LLC now owns 15,211 shares of the semiconductor company's stock worth $2,852,000 after buying an additional 1,052 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC grew its position in shares of Texas Instruments by 6.1% during the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,081 shares of the semiconductor company's stock worth $203,000 after buying an additional 62 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

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.