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 research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage currently has a $175.00 target price on the semiconductor company’s stock. Robert W. Baird’s price target would suggest a potential upside of 19.85% from the company’s current price.

Several other research analysts also recently commented on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Friday, January 24th. Wells Fargo & Company reduced their price objective on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Truist Financial lowered their target price on Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, January 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $209.20.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $146.01 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. The business’s fifty day moving average price is $182.03 and its two-hundred day moving average price is $192.50. Texas Instruments has a fifty-two week low of $143.31 and a fifty-two week high of $220.39. The stock has a market capitalization of $132.86 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 last year, the business posted $1.49 EPS. As a group, analysts predict that Texas Instruments will post 5.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the transaction, the chairman now directly owns 409,089 shares of the company’s stock, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock valued at $59,841,304 in the last 90 days. 0.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Texas Instruments

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. HF Advisory Group LLC increased its stake in shares of Texas Instruments by 0.6% during the 4th quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company’s stock worth $1,602,000 after purchasing an additional 52 shares during the last quarter. Blossom Wealth Management grew its holdings in shares of Texas Instruments by 5.1% during the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company’s stock worth $213,000 after purchasing an additional 55 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management increased its holdings in Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company’s stock valued at $598,000 after buying an additional 56 shares during the period. OLD Second National Bank of Aurora increased its stake in Texas Instruments by 11.1% in the fourth quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company’s stock valued at $107,000 after acquiring an additional 57 shares during the last quarter. Finally, Voya Financial Advisors Inc. increased its stake in shares of Texas Instruments by 1.6% in the 4th quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company’s stock valued at $686,000 after purchasing an additional 58 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

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.