Texas Instruments (NASDAQ:TXN) Stock Rating Upgraded by Baird R W

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

Several other brokerages have also commented on TXN. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a report on Friday, January 24th. Barclays lowered their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Truist Financial cut their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Robert W. Baird upgraded shares of Texas Instruments from a “neutral” rating to an “outperform” rating and set a $175.00 target price for the company in a research note on Monday. Finally, Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $169.50 on Monday. The company has a market capitalization of $154.23 billion, a PE ratio of 32.66, a P/E/G ratio of 3.30 and a beta of 0.99. The company has a 50-day simple moving average of $181.41 and a two-hundred day simple moving average of $192.10. Texas Instruments has a one year low of $143.31 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) last posted its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. During the same quarter last year, the firm posted $1.49 earnings per share. Research analysts expect that Texas Instruments will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Insider Activity at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total transaction of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares in the company, valued at $82,930,522.08. This trade represents a 19.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Blinn sold 590 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares of the company’s stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,655 shares of company stock worth $59,841,304. 0.57% of the stock is owned by corporate insiders.

Institutional Trading of Texas Instruments

Institutional investors and hedge funds have recently made changes to their positions in the business. Promus Capital LLC acquired a new stake in Texas Instruments in the 4th quarter valued at $25,000. Financial Life Planners purchased a new position in Texas Instruments during the fourth quarter valued at $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $28,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.