Texas Instruments (NASDAQ:TXN) PT Raised to $175.00 at Robert W. Baird

Texas Instruments (NASDAQ:TXN) had its target price increased by Robert W. Baird from $125.00 to $175.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. Robert W. Baird’s price objective indicates a potential downside of 1.40% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Truist Financial boosted their target price on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday. Barclays reduced their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. TD Cowen boosted their target price on shares of Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday. UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $180.00 target price on shares of Texas Instruments in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Trading Up 1.3 %

Shares of Texas Instruments stock opened at $177.48 on Thursday. The firm has a market capitalization of $161.52 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04. 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 firm’s 50 day moving average is $169.29 and its 200 day moving average is $162.22. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $188.12.

Texas Instruments (NASDAQ:TXN) last announced 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 company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The firm’s revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 EPS. Equities research analysts forecast that Texas Instruments will post 5.16 earnings per share for the current fiscal year.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Annapolis Financial Services LLC raised its holdings in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after buying an additional 120 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in Texas Instruments during the third quarter worth $25,000. Tennessee Valley Asset Management Partners acquired a new position in Texas Instruments during the fourth quarter worth $25,000. Life Planning Partners Inc acquired a new position in Texas Instruments during the fourth quarter worth $26,000. Finally, Richardson Financial Services Inc. acquired a new position in Texas Instruments during the fourth quarter worth $26,000. 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.