Texas Instruments Inc. (NASDAQ:TXN) was downgraded by B. Riley from a “buy” rating to a “neutral” rating in a research note issued on Tuesday.

Other analysts also recently issued research reports about the stock. Jefferies Group lifted their target price on shares of Texas Instruments from $69.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, July 26th. Zacks Investment Research downgraded shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Robert W. Baird raised shares of Texas Instruments from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $70.00 to $80.00 in a report on Wednesday, September 14th. Royal Bank Of Canada reduced their target price on shares of Texas Instruments from $68.00 to $66.00 and set an “outperform” rating for the company in a report on Friday, July 1st. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $80.00 target price on shares of Texas Instruments in a report on Tuesday, August 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $69.32.

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

Shares of Texas Instruments (NASDAQ:TXN) traded down 1.58% during mid-day trading on Tuesday, reaching $67.38. 1,674,103 shares of the company’s stock traded hands. The stock has a market cap of $67.60 billion, a PE ratio of 22.70 and a beta of 1.32. Texas Instruments has a 12 month low of $46.73 and a 12 month high of $72.58. The firm has a 50 day moving average price of $69.37 and a 200-day moving average price of $63.97.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. Texas Instruments had a net margin of 23.89% and a return on equity of 30.14%. The company earned $3.27 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the firm posted $0.65 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Texas Instruments will post $3.06 earnings per share for the current fiscal year.

In related news, insider Bing Xie sold 11,565 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $69.12, for a total transaction of $799,372.80. Following the transaction, the insider now directly owns 187,370 shares of the company’s stock, valued at $12,951,014.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Cynthia Hoff Trochu sold 20,506 shares of the stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $70.65, for a total transaction of $1,448,748.90. Following the transaction, the senior vice president now directly owns 61,150 shares in the company, valued at $4,320,247.50. The disclosure for this sale can be found here. Corporate insiders own 1.02% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. Palisade Capital Management LLC NJ increased its stake in shares of Texas Instruments by 0.8% in the first quarter. Palisade Capital Management LLC NJ now owns 26,500 shares of the company’s stock valued at $1,522,000 after buying an additional 200 shares in the last quarter. Menta Capital LLC purchased a new stake in shares of Texas Instruments during the first quarter valued at approximately $276,000. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Texas Instruments by 8.1% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 53,180 shares of the company’s stock valued at $3,054,000 after buying an additional 3,998 shares in the last quarter. Credit Agricole S A increased its stake in shares of Texas Instruments by 16.4% in the first quarter. Credit Agricole S A now owns 1,201,479 shares of the company’s stock valued at $68,988,000 after buying an additional 169,639 shares in the last quarter. Finally, Willis Investment Counsel increased its stake in shares of Texas Instruments by 10.1% in the first quarter. Willis Investment Counsel now owns 188,780 shares of the company’s stock valued at $10,840,000 after buying an additional 17,380 shares in the last quarter. Hedge funds and other institutional investors own 86.88% of the company’s stock.

About Texas Instruments

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).

5 Day Chart for NASDAQ:TXN

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