Rosenblatt Securities Reiterates “Buy” Rating for Texas Instruments (NASDAQ:TXN)

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a report issued on Wednesday, Benzinga reports. They presently have a $210.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ price target indicates a potential upside of 19.83% from the company’s previous close.

A number of other equities analysts have also recently weighed in on TXN. Truist Financial decreased their price objective on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, February 9th. KeyCorp upped their price objective on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Morgan Stanley upped their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Cantor Fitzgerald upped their price objective on shares of Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, TD Cowen upped their price objective on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $180.74.

Texas Instruments Stock Up 0.3 %

Shares of NASDAQ TXN opened at $175.25 on Wednesday. Texas Instruments has a 12-month low of $139.48 and a 12-month high of $188.12. The company has a market cap of $159.49 billion, a P/E ratio of 27.34, a P/E/G ratio of 3.56 and a beta of 1.04. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $168.95 and a 200 day moving average price of $162.08.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the firm earned $1.85 EPS. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. Research analysts anticipate that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Texas Instruments

Several large investors have recently made changes to their positions in TXN. Annapolis Financial Services LLC increased its stake in shares of Texas Instruments by 333.3% in the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares during the period. Briaud Financial Planning Inc acquired a new stake in shares of Texas Instruments in the third quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Finally, Richardson Financial Services Inc. acquired a new stake in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds 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.