Credit Suisse Group Downgrades Texas Instruments (NASDAQ:TXN) to Neutral

Credit Suisse Group downgraded shares of Texas Instruments (NASDAQ:TXNGet Rating) from an outperform rating to a neutral rating in a research note published on Wednesday, Marketbeat.com reports. Credit Suisse Group currently has $205.00 price target on the semiconductor company’s stock, up from their previous price target of $185.00.

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Texas Instruments from $160.00 to $155.00 in a research report on Wednesday, October 26th. Citigroup reduced their price objective on Texas Instruments from $165.00 to $155.00 and set a neutral rating on the stock in a research note on Wednesday, October 26th. Morgan Stanley reduced their price objective on Texas Instruments from $160.00 to $152.00 and set an underweight rating on the stock in a research note on Wednesday, October 26th. UBS Group reduced their price objective on Texas Instruments from $175.00 to $165.00 and set a neutral rating on the stock in a research note on Wednesday, July 27th. Finally, Cowen reduced their price objective on Texas Instruments from $170.00 to $160.00 in a research note on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Texas Instruments presently has an average rating of Hold and a consensus target price of $174.70.

Texas Instruments Trading Down 0.1 %

Shares of TXN stock opened at $175.18 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.06 and a current ratio of 4.92. Texas Instruments has a 52-week low of $144.46 and a 52-week high of $199.90. The company has a market capitalization of $158.99 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. The business’s fifty day moving average is $162.56 and its 200 day moving average is $165.27.

Texas Instruments (NASDAQ:TXNGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The semiconductor company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.08. Texas Instruments had a return on equity of 63.68% and a net margin of 44.21%. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. On average, equities research analysts anticipate that Texas Instruments will post 9.27 EPS for the current fiscal year.

Texas Instruments declared that its board has initiated a stock buyback plan on Thursday, September 15th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 10.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Texas Instruments Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were issued a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a dividend yield of 2.83%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 28th. Texas Instruments’s dividend payout ratio (DPR) is presently 51.99%.

Insider Activity

In related news, VP Ahmad Bahai sold 1,109 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the transaction, the vice president now directly owns 27,306 shares in the company, valued at approximately $4,915,353.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Ahmad Bahai sold 1,109 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the transaction, the vice president now directly owns 27,306 shares in the company, valued at approximately $4,915,353.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Janet F. Clark sold 9,990 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the sale, the director now owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Power Corp of Canada purchased a new stake in shares of Texas Instruments during the 3rd quarter valued at about $483,000. National Pension Service grew its stake in Texas Instruments by 2.2% in the 3rd quarter. National Pension Service now owns 1,354,636 shares of the semiconductor company’s stock worth $214,642,000 after acquiring an additional 29,328 shares in the last quarter. IMS Capital Management grew its stake in Texas Instruments by 1.5% in the 3rd quarter. IMS Capital Management now owns 5,758 shares of the semiconductor company’s stock worth $891,000 after acquiring an additional 85 shares in the last quarter. Advisors Capital Management LLC grew its stake in Texas Instruments by 6.3% in the 3rd quarter. Advisors Capital Management LLC now owns 118,929 shares of the semiconductor company’s stock worth $21,103,000 after acquiring an additional 7,026 shares in the last quarter. Finally, Liberty One Investment Management LLC boosted its stake in shares of Texas Instruments by 20.9% during the third quarter. Liberty One Investment Management LLC now owns 12,118 shares of the semiconductor company’s stock valued at $1,876,000 after purchasing an additional 2,097 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Texas Instruments Company Profile

(Get Rating)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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