Texas Instruments (NASDAQ:TXN) Downgraded by Credit Suisse Group

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

Several other research firms also recently issued reports on TXN. Susquehanna Bancshares dropped their price objective on shares of Texas Instruments from $215.00 to $195.00 in a report on Wednesday, October 26th. KeyCorp lowered their target price on shares of Texas Instruments from $220.00 to $210.00 and set an overweight rating on the stock in a research note on Wednesday, October 26th. Cowen lowered their target price on shares of Texas Instruments from $170.00 to $160.00 in a research note on Wednesday, October 26th. Sanford C. Bernstein lowered their target price on shares of Texas Instruments to $145.00 in a research note on Thursday, October 27th. Finally, Oppenheimer lowered their target price on shares of Texas Instruments from $200.00 to $185.00 and set an outperform rating on the stock in a research note on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $174.70.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $175.18 on Wednesday. The firm’s 50-day moving average is $162.56 and its 200-day moving average is $165.32. Texas Instruments has a 52-week low of $144.46 and a 52-week high of $199.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.06 and a current ratio of 4.92. The company has a market cap of $158.99 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.00 and a beta of 0.99.

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

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st were paid a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.83%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 28th. Texas Instruments’s payout ratio is 51.99%.

Texas Instruments announced that its board has authorized a share buyback program 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 shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 9,990 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Texas Instruments news, Director Janet F. Clark sold 9,990 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total value of $1,749,848.40. Following the completion of the sale, the director now owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ahmad Bahai sold 1,109 shares of the company’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 transaction of $199,631.09. Following the completion of the sale, the vice president now directly owns 27,306 shares of the company’s stock, valued at approximately $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Instruments

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Texas Instruments by 0.3% during the third quarter. Vanguard Group Inc. now owns 87,221,995 shares of the semiconductor company’s stock worth $13,500,220,000 after acquiring an additional 221,874 shares in the last quarter. BlackRock Inc. increased its position in shares of Texas Instruments by 2.0% during the first quarter. BlackRock Inc. now owns 75,269,448 shares of the semiconductor company’s stock worth $13,810,434,000 after acquiring an additional 1,484,246 shares in the last quarter. State Street Corp increased its position in shares of Texas Instruments by 0.3% during the third quarter. State Street Corp now owns 37,640,205 shares of the semiconductor company’s stock worth $5,825,951,000 after acquiring an additional 101,384 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Texas Instruments by 7.6% during the first quarter. Wellington Management Group LLP now owns 31,412,885 shares of the semiconductor company’s stock worth $5,763,635,000 after acquiring an additional 2,209,099 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Texas Instruments by 43.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 21,113,372 shares of the semiconductor company’s stock worth $3,244,069,000 after acquiring an additional 6,363,962 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.

Further Reading

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.