Texas Instruments (NASDAQ:TXN) Rating Increased to Outperform at Robert W. Baird

Texas Instruments (NASDAQ:TXN) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Monday, Marketbeat Ratings reports. The firm currently has a $175.00 price objective on the semiconductor company’s stock. Robert W. Baird’s target price suggests a potential upside of 15.60% from the stock’s previous close.

Several other research firms have also recently issued reports on TXN. Benchmark reiterated a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Wells Fargo & Company lowered their price target on shares of Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Mizuho cut their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock 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 research report on Tuesday, January 21st. Finally, Barclays reduced their target price on shares of Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Down 7.8 %

Shares of Texas Instruments stock opened at $151.39 on Monday. Texas Instruments has a one year low of $144.22 and a one year high of $220.39. The company has a market cap of $137.75 billion, a P/E ratio of 29.17, a PEG ratio of 3.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm has a fifty day moving average of $184.06 and a two-hundred day moving average of $193.60.

Texas Instruments (NASDAQ:TXN) last announced 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 in the prior year, the company earned $1.49 earnings per share. On average, analysts forecast that Texas Instruments will post 5.35 earnings per share for the current year.

Insider Activity

In other news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total transaction of $106,618.90. Following the completion of the sale, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Janet F. Clark sold 6,065 shares of the business’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 trade represents a 35.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,655 shares of company stock worth $59,841,304. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of Texas Instruments

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Howard Capital Management Group LLC purchased a new position in Texas Instruments during the 3rd quarter worth approximately $202,000. MML Investors Services LLC grew its holdings in shares of Texas Instruments by 3.2% during the third quarter. MML Investors Services LLC now owns 130,153 shares of the semiconductor company’s stock valued at $26,886,000 after buying an additional 4,077 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Texas Instruments by 5.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 643,034 shares of the semiconductor company’s stock valued at $132,832,000 after buying an additional 31,382 shares during the period. Roffman Miller Associates Inc. PA lifted its stake in Texas Instruments by 1.3% in the 3rd quarter. Roffman Miller Associates Inc. PA now owns 253,509 shares of the semiconductor company’s stock worth $52,367,000 after acquiring an additional 3,274 shares in the last quarter. Finally, Groupama Asset Managment boosted its position in Texas Instruments by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 12,634 shares of the semiconductor company’s stock worth $2,610,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds 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.