Robert W. Baird Boosts Texas Instruments (NASDAQ:TXN) Price Target to $175.00

Texas Instruments (NASDAQ:TXN) had its target price increased by Robert W. Baird from $125.00 to $175.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a neutral rating on the semiconductor company’s stock.

A number of other brokerages also recently commented on TXN. Evercore ISI raised their price objective on Texas Instruments from $213.00 to $225.00 and gave the stock an outperform rating in a research report on Wednesday. TD Cowen increased their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a hold rating in a report on Wednesday. Stifel Nicolaus increased their target price on Texas Instruments from $160.00 to $172.00 and gave the stock a hold rating in a report on Wednesday. Morgan Stanley increased their target price on Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a report on Wednesday, January 24th. Finally, KeyCorp increased their target price on Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Texas Instruments presently has an average rating of Hold and an average target price of $180.74.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $175.25 on Thursday. The business has a 50 day moving average price of $168.95 and a 200 day moving average price of $162.08. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $188.12. The company has a market cap of $159.49 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 3.77 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the company earned $1.85 EPS. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. Research analysts predict that Texas Instruments will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.97%. Texas Instruments’s dividend payout ratio is currently 81.12%.

Insider Transactions at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. Annapolis Financial Services LLC lifted its holdings in shares of Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of Texas Instruments in the third quarter valued at about $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $26,000. 84.99% of the stock is currently owned by institutional investors.

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.