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

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

TXN has been the topic of several other reports. KeyCorp increased their price target on Texas Instruments from $180.00 to $200.00 and gave the stock an overweight rating in a research report on Wednesday, January 24th. Rosenblatt Securities reaffirmed a buy rating and set a $210.00 price target on shares of Texas Instruments in a research report on Wednesday. Evercore ISI increased their price target on Texas Instruments from $213.00 to $225.00 and gave the stock an outperform rating in a research report on Wednesday. Cantor Fitzgerald reaffirmed a neutral rating and set a $180.00 price target on shares of Texas Instruments in a research report on Wednesday. Finally, The Goldman Sachs Group increased their price target on Texas Instruments from $137.00 to $157.00 and gave the stock a sell rating in a research report on Wednesday. Three investment 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.com, the stock currently has an average rating of Hold and a consensus price target of $180.74.

Texas Instruments Stock Performance

Shares of TXN stock opened at $177.48 on Thursday. The firm 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. 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 business has a fifty day moving average of $169.29 and a 200 day moving average of $162.25. Texas Instruments has a 1 year low of $139.48 and a 1 year high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. As a group, research analysts expect that Texas Instruments will post 5.2 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is presently 81.12%.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’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 directly owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Texas Instruments by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after purchasing an additional 458,853 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Texas Instruments by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock worth $3,398,637,000 after purchasing an additional 1,154,513 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Texas Instruments by 14.2% during the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Texas Instruments by 10.1% during the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock worth $2,033,283,000 after purchasing an additional 1,095,303 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Texas Instruments by 2.9% during the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after purchasing an additional 315,302 shares during the last quarter. 84.99% of the stock is currently 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.