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

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

TXN has been the subject of a number of other research reports. Stifel Nicolaus upped their price objective on shares of Texas Instruments from $160.00 to $172.00 and gave the stock a hold rating in a research report on Wednesday, April 24th. Morgan Stanley upped their price target on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an underweight rating in a research report on Wednesday, January 24th. TD Cowen upped their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a hold rating in a research report on Wednesday, April 24th. Rosenblatt Securities restated a buy rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Finally, Evercore ISI upped their price target on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an outperform rating in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of $180.74.

Texas Instruments Trading Up 1.3 %

Shares of Texas Instruments stock opened at $177.48 on Thursday. The firm has a 50-day simple moving average of $169.29 and a two-hundred day simple moving average of $162.29. The company has a market cap of $161.59 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 3.79 and a beta of 1.04. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 earnings per share. As a group, equities analysts predict that Texas Instruments will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 annualized dividend and a yield of 2.93%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Activity at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.68% of the stock is owned by corporate insiders.

Institutional Trading of Texas Instruments

Hedge funds have recently made changes to their positions in the company. Annapolis Financial Services LLC grew its stake in shares of Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 120 shares during the period. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments in the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $26,000. Finally, Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $26,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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.