Mizuho Cuts Texas Instruments (NASDAQ:TXN) Price Target to $190.00

Texas Instruments (NASDAQ:TXN) had its target price lowered by Mizuho from $200.00 to $190.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. Mizuho’s price objective points to a potential upside of 1.92% from the stock’s current price.

A number of other equities research analysts also recently commented on TXN. Truist Financial reduced their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research report on Friday. Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research note on Friday. Morgan Stanley boosted their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company reduced 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. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Performance

NASDAQ:TXN traded down $14.19 during mid-day trading on Friday, reaching $186.42. The stock had a trading volume of 8,206,008 shares, compared to its average volume of 6,455,950. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. The firm has a market capitalization of $170.06 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 3.84 and a beta of 0.98. Texas Instruments has a twelve month low of $155.46 and a twelve month high of $220.38. The business has a 50 day simple moving average of $193.69 and a 200 day simple moving average of $199.57.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. During the same period in the prior year, the company earned $1.49 earnings per share. On average, analysts expect that Texas Instruments will post 5.08 earnings per share for the current fiscal year.

Insider Transactions at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

Several large investors have recently added to or reduced their stakes in TXN. U.S. Capital Wealth Advisors LLC boosted its position in Texas Instruments by 1.8% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 19,000 shares of the semiconductor company’s stock valued at $3,563,000 after buying an additional 341 shares during the last quarter. Golden State Equity Partners boosted its position in Texas Instruments by 31.0% in the 4th quarter. Golden State Equity Partners now owns 7,464 shares of the semiconductor company’s stock valued at $1,400,000 after buying an additional 1,767 shares during the last quarter. Berry Wealth Group LP boosted its position in Texas Instruments by 10.3% in the 4th quarter. Berry Wealth Group LP now owns 1,081 shares of the semiconductor company’s stock valued at $203,000 after buying an additional 101 shares during the last quarter. Spire Wealth Management boosted its position in Texas Instruments by 1.8% in the 4th quarter. Spire Wealth Management now owns 4,193 shares of the semiconductor company’s stock valued at $786,000 after buying an additional 73 shares during the last quarter. Finally, Sylvest Advisors LLC purchased a new position in Texas Instruments in the 4th quarter valued at about $600,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.