Texas Instruments (NASDAQ:TXN) Upgraded to "Outperform" at Robert W. Baird

Robert W. Baird upgraded shares of Texas Instruments (NASDAQ:TXN - Free Report) from a neutral rating to an outperform rating in a research report report published on Monday, MarketBeat.com reports. They currently have $175.00 price target on the semiconductor company's stock.

Several other analysts have also recently issued reports on TXN. Wells Fargo & Company cut their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. 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 note on Friday, January 24th. Benchmark reaffirmed a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Truist Financial dropped their target price on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of "Hold" and a consensus price target of $207.95.

Texas Instruments Trading Down 5.7 %

Shares of TXN stock traded down $9.00 on Monday, hitting $147.60. 21,101,622 shares of the company's stock traded hands, compared to its average volume of 6,075,826. The stock has a market capitalization of $134.30 billion, a price-to-earnings ratio of 28.44, a P/E/G ratio of 3.30 and a beta of 0.99. The company's fifty day simple moving average is $180.26 and its 200 day simple moving average is $191.36. Texas Instruments has a one year low of $139.95 and a one year high of $220.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share for the quarter, beating 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 quarter in the previous year, the firm posted $1.49 earnings per share. Equities analysts forecast that Texas Instruments will post 5.35 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's payout ratio is 104.82%.

Insider Activity

In other Texas Instruments 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 sale, the director now owns 11,717 shares of the company's stock, valued at approximately $2,117,379.07. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 297,655 shares of company stock valued at $59,841,304 over the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Instruments

A number of hedge funds have recently made changes to their positions in TXN. Joule Financial LLC boosted its stake in Texas Instruments by 2.6% during the first quarter. Joule Financial LLC now owns 3,010 shares of the semiconductor company's stock valued at $541,000 after buying an additional 75 shares during the last quarter. Stokes Capital Advisors LLC boosted its position in shares of Texas Instruments by 3.0% during the 1st quarter. Stokes Capital Advisors LLC now owns 43,760 shares of the semiconductor company's stock valued at $7,864,000 after acquiring an additional 1,264 shares during the last quarter. McNamara Financial Services Inc. purchased a new position in shares of Texas Instruments in the first quarter valued at $350,000. Procyon Advisors LLC increased its position in Texas Instruments by 18.0% in the first quarter. Procyon Advisors LLC now owns 15,502 shares of the semiconductor company's stock worth $2,687,000 after purchasing an additional 2,369 shares during the last quarter. Finally, Avity Investment Management Inc. increased its position in Texas Instruments by 1.1% in the first quarter. Avity Investment Management Inc. now owns 201,024 shares of the semiconductor company's stock worth $36,124,000 after purchasing an additional 2,102 shares during the last quarter. 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.