Robert W. Baird Raises Texas Instruments (NASDAQ:TXN) Price Target to $180.00

Texas Instruments (NASDAQ:TXNGet Rating) had its price target increased by investment analysts at Robert W. Baird from $160.00 to $180.00 in a research report issued on Wednesday, The Fly reports. Robert W. Baird’s price target points to a potential upside of 1.67% from the stock’s current price.

TXN has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Texas Instruments from $155.00 to $158.00 in a research report on Wednesday, December 14th. Morgan Stanley decreased their target price on shares of Texas Instruments from $160.00 to $152.00 and set an “underweight” rating for the company in a research report on Wednesday, October 26th. Credit Suisse Group downgraded shares of Texas Instruments from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $185.00 to $205.00 in a research report on Wednesday, November 16th. Susquehanna Bancshares decreased their target price on shares of Texas Instruments from $215.00 to $195.00 in a research report on Wednesday, October 26th. Finally, Susquehanna cut their price objective on shares of Texas Instruments from $215.00 to $195.00 in a report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $177.96.

Texas Instruments Trading Down 0.6 %

NASDAQ:TXN opened at $177.04 on Wednesday. Texas Instruments has a 12 month low of $144.46 and a 12 month high of $191.34. The firm has a fifty day simple moving average of $172.92 and a 200-day simple moving average of $168.62. The company has a current ratio of 4.92, a quick ratio of 4.06 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $160.68 billion, a P/E ratio of 18.56, a PEG ratio of 2.41 and a beta of 1.02.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The semiconductor company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.37 by $0.08. The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Texas Instruments had a net margin of 44.21% and a return on equity of 63.68%. On average, equities research analysts anticipate that Texas Instruments will post 9.23 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Janet F. Clark sold 9,990 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the transaction, the director now directly owns 8,942 shares in the company, valued at $1,566,280.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Texas Instruments news, Director Janet F. Clark sold 9,990 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total value of $1,749,848.40. Following the transaction, the director now directly owns 8,942 shares in the company, valued at approximately $1,566,280.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ahmad Bahai sold 1,109 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $180.01, for a total transaction of $199,631.09. Following the completion of the transaction, the vice president now owns 27,306 shares in the company, valued at $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Instruments

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Texas Instruments by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 87,221,995 shares of the semiconductor company’s stock valued at $13,500,220,000 after purchasing an additional 221,874 shares during the last quarter. State Street Corp lifted its holdings in shares of Texas Instruments by 0.3% in the 3rd quarter. State Street Corp now owns 37,640,205 shares of the semiconductor company’s stock worth $5,825,951,000 after acquiring an additional 101,384 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Texas Instruments by 43.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 21,113,372 shares of the semiconductor company’s stock worth $3,244,069,000 after acquiring an additional 6,363,962 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Texas Instruments by 13.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock worth $2,685,836,000 after acquiring an additional 1,779,273 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Texas Instruments by 18.0% in the 2nd quarter. Franklin Resources Inc. now owns 13,183,584 shares of the semiconductor company’s stock worth $2,025,659,000 after acquiring an additional 2,014,373 shares during the last quarter. 83.12% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Company Profile

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Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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