Texas Instruments (NASDAQ:TXN) Price Target Increased to $175.00 by Analysts at Robert W. Baird

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

A number of other analysts have also recently weighed in on the stock. Benchmark restated a buy rating and issued a $210.00 price target on shares of Texas Instruments in a report on Wednesday. Susquehanna raised their price target on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a positive rating in a research report on Wednesday. The Goldman Sachs Group raised their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a sell rating in a research report on Wednesday. Rosenblatt Securities reissued a buy rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. Finally, Truist Financial raised their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a hold rating in a research report on Wednesday. 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $180.74.

Texas Instruments Trading Up 0.3 %

NASDAQ TXN opened at $175.25 on Thursday. The company’s 50-day moving average price is $168.95 and its 200-day moving average price is $162.08. The company has a current ratio of 4.91, a quick ratio of 3.35 and a debt-to-equity ratio of 0.76. The stock has a market cap of $159.49 billion, a PE ratio of 27.34, a PEG ratio of 3.77 and a beta of 1.04. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $188.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the business posted $1.85 earnings per share. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. Equities research analysts forecast that Texas Instruments will post 5.16 earnings per share for the current year.

Texas Instruments Dividend Announcement

The company 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 dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.97%. Texas Instruments’s payout ratio is 81.12%.

Insider Activity

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now 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 is available at this link. Corporate insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

A number of large investors have recently made changes to their positions in TXN. Meridian Wealth Management LLC increased its stake in Texas Instruments by 4.5% in the third quarter. Meridian Wealth Management LLC now owns 4,762 shares of the semiconductor company’s stock valued at $757,000 after purchasing an additional 207 shares during the last quarter. Boston Trust Walden Corp increased its stake in Texas Instruments by 38.2% in the third quarter. Boston Trust Walden Corp now owns 54,143 shares of the semiconductor company’s stock valued at $8,609,000 after purchasing an additional 14,965 shares during the last quarter. Capital Asset Advisory Services LLC increased its stake in Texas Instruments by 4.7% in the third quarter. Capital Asset Advisory Services LLC now owns 1,659 shares of the semiconductor company’s stock valued at $261,000 after purchasing an additional 75 shares during the last quarter. Advisory Alpha LLC purchased a new position in Texas Instruments in the third quarter valued at approximately $230,000. Finally, Oak Thistle LLC increased its stake in Texas Instruments by 163.7% in the third quarter. Oak Thistle LLC now owns 3,307 shares of the semiconductor company’s stock valued at $526,000 after purchasing an additional 2,053 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Company Profile

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.