Texas Instruments (NASDAQ:TXN) Given New $175.00 Price Target at Robert W. Baird

Texas Instruments (NASDAQ:TXN) had its target price lifted by analysts at Robert W. Baird from $125.00 to $175.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. Robert W. Baird’s price target points to a potential downside of 1.40% from the company’s current price.

TXN has been the subject of several other reports. Mizuho increased their price objective on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday. The Goldman Sachs Group increased their price objective on Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a report on Wednesday. Cantor Fitzgerald reiterated a “neutral” rating and set a $180.00 price objective on shares of Texas Instruments in a report on Wednesday. Finally, Truist Financial increased their price objective on Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $180.74.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $177.48 on Thursday. The stock has a market cap of $161.52 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.77 and a beta of 1.04. The business has a fifty day simple moving average of $169.29 and a 200-day simple moving average of $162.22. The company has a quick ratio of 3.35, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the firm posted $1.85 earnings per share. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors have recently added to or reduced their stakes in TXN. Norges Bank acquired a new stake in Texas Instruments during the fourth quarter worth about $1,649,592,000. Morgan Stanley grew its position in Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after buying an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System grew its position in Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after buying an additional 1,502,989 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after buying an additional 1,439,066 shares in the last quarter. Finally, Baillie Gifford & Co. grew its position in Texas Instruments by 338.4% during the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after buying an additional 1,385,725 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

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.