Texas Instruments (NASDAQ:TXN) Downgraded to "Underweight" Rating by Barclays

Barclays downgraded shares of Texas Instruments (NASDAQ:TXN - Free Report) from an equal weight rating to an underweight rating in a research note released on Tuesday morning, MarketBeat Ratings reports. The firm currently has $125.00 target price on the semiconductor company's stock, down from their prior target price of $180.00.

A number of other brokerages have also weighed in on TXN. Wells Fargo & Company decreased their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Cantor Fitzgerald restated a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. 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, UBS Group lowered their price objective on shares of Texas Instruments from $250.00 to $225.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Texas Instruments has an average rating of "Hold" and a consensus target price of $189.41.

Texas Instruments Price Performance

NASDAQ:TXN traded up $0.73 during mid-day trading on Tuesday, hitting $162.86. 8,381,928 shares of the stock traded hands, compared to its average volume of 6,193,889. The business's 50-day moving average price is $174.21 and its 200 day moving average price is $187.70. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company has a market cap of $148.19 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. Texas Instruments has a 12-month low of $139.95 and a 12-month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. On average, analysts expect that Texas Instruments will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th will be given a dividend of $1.36 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 3.34%. Texas Instruments's payout ratio is currently 104.82%.

Insider Buying and Selling at Texas Instruments

In related news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Janet F. Clark sold 6,065 shares of the company's 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 completion of the transaction, the director now owns 10,816 shares of the company's stock, valued at $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. Over the last quarter, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alta Advisers Ltd boosted its position in Texas Instruments by 56.4% during the 1st quarter. Alta Advisers Ltd now owns 4,715 shares of the semiconductor company's stock valued at $847,000 after acquiring an additional 1,700 shares in the last quarter. Benchmark Financial Wealth Advisors LLC lifted its stake in shares of Texas Instruments by 20.8% in the 1st quarter. Benchmark Financial Wealth Advisors LLC now owns 2,315 shares of the semiconductor company's stock valued at $416,000 after purchasing an additional 399 shares during the period. Deseret Mutual Benefit Administrators boosted its position in shares of Texas Instruments by 5.9% during the first quarter. Deseret Mutual Benefit Administrators now owns 5,078 shares of the semiconductor company's stock valued at $913,000 after purchasing an additional 282 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in Texas Instruments by 3.5% in the first quarter. Koshinski Asset Management Inc. now owns 17,473 shares of the semiconductor company's stock worth $3,140,000 after purchasing an additional 588 shares during the period. Finally, Altus Wealth Group LLC raised its holdings in Texas Instruments by 3.9% in the first quarter. Altus Wealth Group LLC now owns 4,004 shares of the semiconductor company's stock worth $719,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other 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.