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

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

Other equities research analysts also recently issued research reports about the company. TD Cowen upped their target price on Texas Instruments from $160.00 to $175.00 and gave the stock a hold rating in a research report on Wednesday. Cantor Fitzgerald reaffirmed a neutral rating and issued a $180.00 price objective on shares of Texas Instruments in a research report on Wednesday. Oppenheimer reissued a market perform rating on shares of Texas Instruments in a research report on Wednesday. The Goldman Sachs Group boosted their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a sell rating in a report on Wednesday. Finally, Stifel Nicolaus raised their target price on Texas Instruments from $160.00 to $172.00 and gave the company a hold rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $180.74.

Texas Instruments Stock Up 1.3 %

TXN opened at $177.48 on Thursday. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $188.12. The business has a 50-day moving average of $169.29 and a two-hundred day moving average of $162.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.35. The stock has a market capitalization of $161.59 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 3.75 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm 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%. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 earnings per share. On average, research analysts expect that Texas Instruments will post 5.2 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm 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. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.93%. Texas Instruments’s payout ratio is currently 81.12%.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

Institutional investors have recently modified their holdings of the company. AXQ Capital LP raised its stake in Texas Instruments by 64.3% during the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after acquiring an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its holdings in Texas Instruments by 0.4% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock worth $7,182,000 after purchasing an additional 155 shares during the period. Verdence Capital Advisors LLC grew its position in Texas Instruments by 39.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $1,336,000 after buying an additional 2,397 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in Texas Instruments by 2.2% during the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock valued at $1,403,000 after buying an additional 177 shares during the period. Finally, Chicago Capital LLC raised its position in shares of Texas Instruments by 182.7% during the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock worth $2,192,000 after buying an additional 8,311 shares in the last quarter. 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.