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

Texas Instruments (NASDAQ:TXN) had its target price increased by equities research analysts at Robert W. Baird from $125.00 to $175.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. Robert W. Baird’s target price would suggest a potential upside of 0.11% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. raised their price target on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday. Susquehanna raised their price target on Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday. TD Cowen lifted their target price on Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday. Stifel Nicolaus lifted their target price on Texas Instruments from $160.00 to $172.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $180.74.

Texas Instruments Price Performance

Texas Instruments stock opened at $174.81 on Thursday. The business’s 50-day simple moving average is $168.66 and its 200 day simple moving average is $161.99. The stock has a market cap of $159.09 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 3.56 and a beta of 1.04. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.85 earnings per share. As a group, research analysts anticipate that Texas Instruments will post 5.16 earnings per share for the current year.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value 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 approximately $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Texas Instruments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TXN. AXQ Capital LP raised its holdings in shares of Texas Instruments by 64.3% during the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after buying an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Texas Instruments by 0.4% during the 4th 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 buying an additional 155 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings 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 worth $1,336,000 after purchasing an additional 2,397 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in Texas Instruments by 2.2% in the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after purchasing an additional 177 shares in the last quarter. Finally, Chicago Capital LLC increased its holdings in Texas Instruments by 182.7% in the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock worth $2,192,000 after purchasing an additional 8,311 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

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.