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

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

Several other equities analysts have also recently issued reports on the stock. Barclays dropped their price objective on shares of Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Mizuho set a $200.00 price objective on Texas Instruments in a report on Friday, October 18th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Texas Instruments in a report on Wednesday, October 23rd. Robert W. Baird lowered their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price target on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $210.45.

Texas Instruments Stock Performance

NASDAQ TXN opened at $192.42 on Tuesday. The business’s 50-day moving average price is $194.32 and its 200 day moving average price is $199.61. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The firm has a market cap of $175.53 billion, a P/E ratio of 35.77, a P/E/G ratio of 3.74 and a beta of 0.98. Texas Instruments has a 52-week low of $155.46 and a 52-week high of $220.38.

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

Insider Buying and Selling at Texas Instruments

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

Institutional Investors Weigh In On Texas Instruments

Several hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans grew its stake in shares of Texas Instruments by 25.4% during the second quarter. Thrivent Financial for Lutherans now owns 73,210 shares of the semiconductor company’s stock valued at $14,241,000 after acquiring an additional 14,828 shares in the last quarter. Public Sector Pension Investment Board grew its stake in Texas Instruments by 74.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 35,008 shares of the semiconductor company’s stock valued at $6,810,000 after purchasing an additional 14,888 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Texas Instruments by 33.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 9,204 shares of the semiconductor company’s stock worth $1,790,000 after purchasing an additional 2,299 shares during the last quarter. Gateway Advisory LLC raised its position in shares of Texas Instruments by 66.3% in the 2nd quarter. Gateway Advisory LLC now owns 3,010 shares of the semiconductor company’s stock valued at $586,000 after purchasing an additional 1,200 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Texas Instruments by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,310 shares of the semiconductor company’s stock valued at $33,909,000 after purchasing an additional 65,512 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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.