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

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

TXN has been the subject of a number of other research reports. 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 note on Wednesday. Stifel Nicolaus increased their price target on Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research note on Wednesday. Rosenblatt Securities reiterated a “buy” rating and issued a $210.00 price target on shares of Texas Instruments in a research note on Wednesday. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Finally, Mizuho raised their price objective on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $180.74.

Texas Instruments Price Performance

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

Texas Instruments (NASDAQ:TXN) last announced its 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 return on equity of 35.54% and a net margin of 35.16%. The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the firm earned $1.85 EPS. Texas Instruments’s revenue for the quarter was down 16.4% compared to the same quarter last year. Sell-side analysts anticipate that Texas Instruments will post 5.16 earnings per share for the current year.

Insiders Place Their Bets

In other Texas Instruments 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 completion of the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by insiders.

Institutional Trading of Texas Instruments

Institutional investors and hedge funds have recently modified their holdings of the stock. Tennessee Valley Asset Management Partners bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $25,000. Life Planning Partners Inc bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Richardson Financial Services Inc. bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $26,000. Finally, Annapolis Financial Services LLC increased 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 valued at $25,000 after buying an additional 120 shares during the period. Institutional investors own 84.99% of the company’s stock.

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.