Texas Instruments (NASDAQ:TXN) Given Buy Rating at Rosenblatt Securities

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating reiterated by stock analysts at Rosenblatt Securities in a report released on Monday, Benzinga reports. They currently have a $250.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ target price indicates a potential upside of 25.10% from the company’s previous close.

A number of other research analysts have also weighed in on TXN. The Goldman Sachs Group raised their target price on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a report on Wednesday, July 24th. KeyCorp lifted their price objective on shares of Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Susquehanna lifted their price objective on shares of Texas Instruments from $205.00 to $250.00 and gave the stock a “positive” rating in a research note on Wednesday, July 17th. Barclays lifted their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Cantor Fitzgerald dropped their price objective on shares of Texas Instruments from $210.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $205.65.

Texas Instruments Trading Down 4.2 %

TXN stock opened at $199.84 on Monday. The firm has a fifty day moving average price of $202.74 and a 200 day moving average price of $193.97. Texas Instruments has a fifty-two week low of $139.48 and a fifty-two week high of $214.66. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The firm has a market cap of $181.95 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 4.41 and a beta of 0.98.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same period last year, the firm posted $1.87 earnings per share. Texas Instruments’s revenue for the quarter was down 15.6% compared to the same quarter last year. Sell-side analysts anticipate that Texas Instruments will post 5.11 earnings per share for the current fiscal year.

Insider Activity at Texas Instruments

In related news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Texas Instruments news, CAO Julie C. Knecht sold 7,764 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Haviv Ilan sold 1,200 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the transaction, the chief executive officer now owns 158,676 shares of the company’s stock, valued at $33,233,101.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,558 shares of company stock worth $3,255,323 over the last three months. 0.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Instruments

A number of large investors have recently added to or reduced their stakes in the company. Investment Advisory Services Inc. TX ADV grew its stake in shares of Texas Instruments by 1.6% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 3,145 shares of the semiconductor company’s stock worth $612,000 after acquiring an additional 51 shares during the last quarter. Verity Asset Management Inc. grew its stake in shares of Texas Instruments by 1.1% during the first quarter. Verity Asset Management Inc. now owns 4,841 shares of the semiconductor company’s stock worth $843,000 after acquiring an additional 54 shares during the last quarter. Prentice Wealth Management LLC grew its stake in shares of Texas Instruments by 2.1% during the second quarter. Prentice Wealth Management LLC now owns 2,651 shares of the semiconductor company’s stock worth $516,000 after acquiring an additional 55 shares during the last quarter. Pure Financial Advisors LLC grew its stake in shares of Texas Instruments by 2.5% during the second quarter. Pure Financial Advisors LLC now owns 2,228 shares of the semiconductor company’s stock worth $433,000 after acquiring an additional 55 shares during the last quarter. Finally, Bell Investment Advisors Inc grew its stake in shares of Texas Instruments by 14.1% during the second quarter. Bell Investment Advisors Inc now owns 446 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 55 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.

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.