Robert W. Baird Boosts Texas Instruments (NASDAQ:TXN) Price Target to $200.00

Texas Instruments (NASDAQ:TXN) had its target price increased by Robert W. Baird from $175.00 to $200.00 in a report published on Wednesday, Benzinga reports. Robert W. Baird currently has a neutral rating on the semiconductor company’s stock.

A number of other research analysts have also weighed in on TXN. Stifel Nicolaus raised their price target on shares of Texas Instruments from $172.00 to $200.00 and gave the company a hold rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. raised their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an overweight rating in a research note on Wednesday. Barclays raised their target price on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an equal weight rating in a research note on Wednesday. Citigroup raised their target price on shares of Texas Instruments from $185.00 to $200.00 and gave the stock a neutral rating in a research note on Monday, July 15th. Finally, Mizuho raised their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a neutral rating in a research note on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $198.64.

Texas Instruments Trading Up 2.5 %

Shares of Texas Instruments stock opened at $201.99 on Wednesday. The firm has a market capitalization of $184.43 billion, a PE ratio of 31.51, a P/E/G ratio of 4.26 and a beta of 0.99. Texas Instruments has a twelve month low of $139.48 and a twelve month high of $210.84. The firm’s 50-day moving average price is $198.04 and its 200 day moving average price is $179.86. The company has a current ratio of 4.62, a quick ratio of 3.76 and a debt-to-equity ratio of 0.75.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. Texas Instruments’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period last year, the company posted $1.87 EPS. On average, sell-side analysts predict that Texas Instruments will post 5.14 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st will be issued a $1.30 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.57%. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Insider Activity at Texas Instruments

In other Texas Instruments news, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.47, for a total value of $17,925,526.80. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at $72,075,287.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Texas Instruments news, Chairman Richard K. Templeton sold 104,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $178.68, for a total value of $18,582,720.00. Following the completion of the transaction, the chairman now owns 403,851 shares in the company, valued at $72,160,096.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 100,440 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.47, for a total transaction of $17,925,526.80. Following the completion of the transaction, the chairman now owns 403,851 shares of the company’s stock, valued at approximately $72,075,287.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 328,969 shares of company stock worth $58,427,984. Insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Texas Instruments

Several institutional investors have recently modified their holdings of TXN. Tennessee Valley Asset Management Partners purchased a new stake in shares of Texas Instruments during the 4th quarter worth $25,000. Life Planning Partners Inc purchased a new stake in shares of Texas Instruments during the 4th quarter worth $26,000. Richardson Financial Services Inc. purchased a new stake in shares of Texas Instruments during the 4th quarter worth $26,000. Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth $26,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Texas Instruments during the 4th quarter worth $31,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

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.