Texas Instruments (NASDAQ:TXN) Stock Rating Upgraded by Baird R W

Baird R W upgraded shares of Texas Instruments (NASDAQ:TXN) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Company decreased their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Truist Financial lowered their price objective on Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Finally, Robert W. Baird upgraded Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 target price on the stock in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $154.00 on Monday. The stock has a market capitalization of $140.13 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 3.30 and a beta of 0.99. The firm’s fifty day simple moving average is $183.40 and its 200-day simple moving average is $193.23. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments has a 12 month low of $145.20 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same period last year, the firm earned $1.49 EPS. As a group, equities analysts forecast that Texas Instruments will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Friday, January 31st. Texas Instruments’s payout ratio is currently 104.82%.

Insider Buying and Selling at Texas Instruments

In other news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares in the company, valued at $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the sale, the director now owns 11,717 shares of the company’s stock, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 over the last quarter. Corporate insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors and hedge funds have recently modified their holdings of the company. Howard Capital Management Group LLC purchased a new position in shares of Texas Instruments during the 3rd quarter worth $202,000. Continuum Advisory LLC increased its stake in Texas Instruments by 4.2% in the third quarter. Continuum Advisory LLC now owns 2,331 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 94 shares during the last quarter. Brophy Wealth Management LLC acquired a new position in Texas Instruments in the third quarter valued at $211,000. Geode Capital Management LLC lifted its position in Texas Instruments by 2.3% during the third quarter. Geode Capital Management LLC now owns 21,286,790 shares of the semiconductor company’s stock worth $4,382,936,000 after buying an additional 487,892 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in Texas Instruments by 5.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 34,120 shares of the semiconductor company’s stock worth $7,047,000 after buying an additional 1,864 shares during the last quarter. 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.