Texas Instruments (NASDAQ:TXN) Upgraded by Robert W. Baird to Outperform Rating

Texas Instruments (NASDAQ:TXN) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has a $175.00 target price on the semiconductor company’s stock. Robert W. Baird’s target price indicates a potential upside of 15.60% from the company’s current price.

A number of other brokerages also recently issued reports on TXN. Truist Financial cut their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Barclays reduced their target price on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN opened at $151.39 on Monday. The firm has a 50 day moving average of $184.06 and a 200 day moving average of $193.60. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $137.75 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. Texas Instruments has a 52 week low of $144.22 and a 52 week high of $220.39.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period last year, the business posted $1.49 earnings per share. On average, sell-side analysts predict that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Mark A. Blinn sold 590 shares of Texas Instruments stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the completion of the sale, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock worth $59,841,304 over the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TXN. Fiduciary Alliance LLC grew its holdings in shares of Texas Instruments by 25.3% during the fourth quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company’s stock worth $6,901,000 after purchasing an additional 7,424 shares during the last quarter. Ameritas Advisory Services LLC raised its position in Texas Instruments by 73.7% in the 4th quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company’s stock valued at $1,639,000 after purchasing an additional 3,707 shares during the last quarter. HB Wealth Management LLC boosted its stake in Texas Instruments by 4.4% during the 4th quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company’s stock worth $18,724,000 after purchasing an additional 4,238 shares during the period. Hamlin Capital Management LLC grew its position in Texas Instruments by 9.2% during the 4th quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company’s stock worth $163,438,000 after purchasing an additional 73,715 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Texas Instruments by 0.8% in the third quarter. Franklin Resources Inc. now owns 7,025,965 shares of the semiconductor company’s stock valued at $1,466,003,000 after purchasing an additional 55,690 shares during the period. Hedge funds and other institutional investors 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.