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

Texas Instruments (NASDAQ:TXN) had its target price lowered by equities researchers at Robert W. Baird from $200.00 to $175.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. Robert W. Baird’s price target points to a potential downside of 15.30% from the stock’s current price.

TXN has been the topic of a number of other research reports. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a report on Monday, October 14th. Benchmark reiterated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Wednesday, July 24th. Susquehanna reduced their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday. The Goldman Sachs Group lifted their target price on Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus upped their price target on Texas Instruments from $172.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $206.95.

Texas Instruments Trading Up 2.4 %

NASDAQ:TXN opened at $206.61 on Wednesday. The company has a 50 day simple moving average of $203.43 and a two-hundred day simple moving average of $194.99. The company has a market cap of $188.11 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $214.66.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. Texas Instruments had a return on equity of 29.15% and a net margin of 31.60%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the previous year, the company posted $1.80 earnings per share. Texas Instruments’s revenue was down 8.4% compared to the same quarter last year. Research analysts forecast that Texas Instruments will post 5.11 earnings per share for the current year.

Insider Buying and Selling at Texas Instruments

In related news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Shanon J. Leonard sold 2,816 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total value of $588,290.56. Following the sale, the vice president now owns 24,112 shares in the company, valued at approximately $5,037,237.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Julie C. Knecht sold 7,764 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the transaction, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock valued at $3,255,323 in the last 90 days. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Several large investors have recently added to or reduced their stakes in the stock. Tsfg LLC boosted its holdings in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares during the period. Norwood Financial Corp purchased a new position in Texas Instruments during the first quarter worth $32,000. McClarren Financial Advisors Inc. bought a new position in Texas Instruments during the third quarter valued at $43,000. Tradewinds Capital Management LLC raised its stake in shares of Texas Instruments by 71.1% in the first quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 101 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of Texas Instruments in the 1st quarter worth about $44,000. 84.99% of the stock is owned by institutional investors.

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.