Texas Instruments (NASDAQ:TXN) Raised to "Strong-Buy" at Baird R W

Baird R W upgraded shares of Texas Instruments (NASDAQ:TXN - Free Report) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on TXN. Robert W. Baird raised shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research note on Monday, April 7th. Truist Financial cut their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a report on Friday, January 24th. Rosenblatt Securities restated a "buy" rating and set a $250.00 target price on shares of Texas Instruments in a report on Tuesday, January 21st. Benchmark reaffirmed a "buy" rating and issued a $230.00 price target on shares of Texas Instruments in a report on Friday, January 24th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued 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, Texas Instruments has an average rating of "Hold" and an average target price of $207.95.

Texas Instruments Price Performance

TXN traded down $9.00 during midday trading on Monday, hitting $147.60. 21,101,622 shares of the company traded hands, compared to its average volume of 6,078,235. The company has a market capitalization of $134.30 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 3.30 and a beta of 0.99. The business has a 50 day simple moving average of $180.26 and a two-hundred day simple moving average of $191.24. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. Texas Instruments has a 52-week low of $139.95 and a 52-week high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (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 in the previous year, the business posted $1.49 EPS. On average, equities analysts forecast that Texas Instruments will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

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

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the transaction, the director now owns 10,816 shares in the company, valued at $2,202,353.92. The trade was a 35.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 completion of the sale, the chairman now owns 409,089 shares in the company, valued at approximately $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. In the last 90 days, insiders have sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

Large investors have recently bought and sold shares of the stock. HF Advisory Group LLC increased its stake in shares of Texas Instruments by 0.6% during the fourth quarter. HF Advisory Group LLC now owns 8,544 shares of the semiconductor company's stock worth $1,602,000 after buying an additional 52 shares during the period. Blossom Wealth Management increased its position in shares of Texas Instruments by 5.1% in the 4th quarter. Blossom Wealth Management now owns 1,137 shares of the semiconductor company's stock valued at $213,000 after purchasing an additional 55 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Texas Instruments by 1.8% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock valued at $598,000 after purchasing an additional 56 shares in the last quarter. OLD Second National Bank of Aurora lifted its position in shares of Texas Instruments by 11.1% during the 4th quarter. OLD Second National Bank of Aurora now owns 572 shares of the semiconductor company's stock worth $107,000 after purchasing an additional 57 shares during the last quarter. Finally, Voya Financial Advisors Inc. grew its stake in shares of Texas Instruments by 1.6% during the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after purchasing an additional 58 shares in the last quarter. 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.