Texas Instruments’ (TXN) Buy Rating Reiterated at Rosenblatt Securities

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating reaffirmed by equities researchers at Rosenblatt Securities in a research note issued on Tuesday,Benzinga reports. They presently have a $250.00 price target on the semiconductor company’s stock. Rosenblatt Securities’ target price indicates a potential upside of 29.92% from the stock’s previous close.

A number of other research firms have also issued reports on TXN. Morgan Stanley upped their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Barclays cut their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Truist Financial lowered their target price on Texas Instruments from $198.00 to $190.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Benchmark reissued a “buy” rating and set a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $210.45.

Texas Instruments Trading Up 2.7 %

Shares of Texas Instruments stock opened at $192.42 on Tuesday. Texas Instruments has a twelve month low of $155.46 and a twelve month high of $220.38. The firm’s 50-day moving average price is $194.32 and its 200 day moving average price is $199.61. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $175.53 billion, a PE ratio of 35.77, a P/E/G ratio of 3.74 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the company posted $1.80 earnings per share. The business’s revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts predict that Texas Instruments will post 5.08 EPS for the current fiscal year.

Insider Buying and Selling at Texas Instruments

In other news, Director Ronald Kirk sold 10,539 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total value of $2,142,894.87. Following the sale, the director now directly owns 14,323 shares in the company, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the transaction, the director now owns 20,461 shares of the company’s stock, valued at approximately $4,272,256.80. The trade was a 32.81 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Retirement Wealth Solutions LLC purchased a new position in shares of Texas Instruments in the 4th quarter valued at $27,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Texas Instruments during the third quarter worth about $28,000. Tsfg LLC lifted its holdings in shares of Texas Instruments by 82.0% in the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Texas Instruments during the 3rd quarter worth approximately $39,000. Finally, FSA Wealth Management LLC acquired a new position in Texas Instruments during the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Company Profile

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.