Texas Instruments (TXN) Price Target Increased to $115.00 by Analysts at Robert W. Baird

Texas Instruments (NASDAQ:TXN) had its price objective hoisted by equities researchers at Robert W. Baird from $100.00 to $115.00 in a research note issued to investors on Wednesday. The firm currently has a “neutral” rating on the semiconductor company’s stock. Robert W. Baird’s price target points to a potential upside of 1.15% from the stock’s current price.

TXN has been the subject of several other research reports. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Royal Bank of Canada restated an “outperform” rating and issued a $127.00 price target (up previously from $112.00) on shares of Texas Instruments in a research note on Monday, January 22nd. Barclays boosted their price target on Texas Instruments from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Credit Suisse Group restated an “in-line” rating and issued a $125.00 price target (up previously from $110.00) on shares of Texas Instruments in a research note on Tuesday, January 16th. Finally, BidaskClub upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Sixteen investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $109.65.

Texas Instruments (NASDAQ:TXN) traded up $3.54 during mid-day trading on Wednesday, hitting $113.69. The stock had a trading volume of 7,552,430 shares, compared to its average volume of 5,970,000. Texas Instruments has a 52-week low of $74.52 and a 52-week high of $120.75. The company has a quick ratio of 2.96, a current ratio of 3.87 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $115,650.00, a PE ratio of 31.58, a P/E/G ratio of 2.31 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. analysts expect that Texas Instruments will post 4.97 EPS for the current year.

In other Texas Instruments news, SVP Bing Xie sold 17,500 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $96.53, for a total value of $1,689,275.00. Following the completion of the sale, the senior vice president now owns 78,102 shares in the company, valued at $7,539,186.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider R Gregory Delagi sold 238,750 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $97.44, for a total value of $23,263,800.00. Following the completion of the sale, the insider now owns 189,234 shares of the company’s stock, valued at approximately $18,438,960.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 870,724 shares of company stock valued at $84,271,187. Company insiders own 0.96% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Highland Private Wealth Management boosted its stake in shares of Texas Instruments by 0.8% in the second quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock worth $234,000 after acquiring an additional 25 shares during the period. Hudock Capital Group LLC boosted its stake in shares of Texas Instruments by 1.3% in the second quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock worth $154,000 after acquiring an additional 26 shares during the period. Carret Asset Management LLC boosted its stake in shares of Texas Instruments by 0.7% in the second quarter. Carret Asset Management LLC now owns 6,043 shares of the semiconductor company’s stock worth $465,000 after acquiring an additional 43 shares during the period. C M Bidwell & Associates Ltd. boosted its stake in shares of Texas Instruments by 0.9% in the second quarter. C M Bidwell & Associates Ltd. now owns 5,041 shares of the semiconductor company’s stock worth $388,000 after acquiring an additional 45 shares during the period. Finally, RNC Capital Management LLC boosted its stake in shares of Texas Instruments by 0.7% in the second quarter. RNC Capital Management LLC now owns 7,872 shares of the semiconductor company’s stock worth $606,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 83.89% of the company’s stock.

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About Texas Instruments

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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