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

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating reaffirmed by research analysts at Rosenblatt Securities in a report released on Wednesday, Benzinga reports. They currently have a $250.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ price target suggests a potential upside of 28.89% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Summit Insights upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday. The Goldman Sachs Group raised their price objective on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a report on Wednesday, July 24th. Mizuho set a $200.00 price objective on Texas Instruments in a report on Friday, October 18th. Jefferies Financial Group raised their price objective on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, KeyCorp raised their price objective on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus target price of $205.95.

Texas Instruments Stock Performance

Shares of TXN stock opened at $193.97 on Wednesday. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The firm has a fifty day moving average price of $203.31 and a 200 day moving average price of $194.94. The company has a market cap of $177.10 billion, a P/E ratio of 33.68, a PEG ratio of 4.32 and a beta of 0.98. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $214.66.

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

Insider Activity at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Haviv Ilan sold 1,200 shares of Texas Instruments stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the completion of the sale, the chief executive officer now directly owns 158,676 shares in the company, valued at approximately $33,233,101.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total transaction of $1,626,480.36. Following the sale, the chief accounting officer now owns 11,806 shares of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,558 shares of company stock worth $3,255,323 over the last 90 days. Company insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Norwood Financial Corp acquired a new position in shares of Texas Instruments during the 1st quarter worth approximately $32,000. Tsfg LLC raised its position in shares of Texas Instruments by 82.0% during the 3rd quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 82 shares during the last quarter. Tradewinds Capital Management LLC raised its position in shares of Texas Instruments by 71.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 101 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Texas Instruments during the 3rd quarter worth approximately $43,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Texas Instruments during the 1st quarter worth approximately $44,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

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.