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

Rosenblatt Securities reaffirmed their buy rating on shares of Texas Instruments (NASDAQ:TXN) in a research report report published on Wednesday, Benzinga reports. Rosenblatt Securities currently has a $210.00 price objective on the semiconductor company’s stock.

Several other analysts have also issued reports on TXN. Evercore ISI started coverage on Texas Instruments in a report on Tuesday, April 16th. They set an outperform rating and a $213.00 price objective for the company. Truist Financial cut their price objective on Texas Instruments from $166.00 to $165.00 and set a hold rating for the company in a report on Friday, February 9th. UBS Group upgraded Texas Instruments from a neutral rating to a buy rating and increased their price objective for the stock from $170.00 to $195.00 in a report on Friday, January 19th. TD Cowen increased their price objective on Texas Instruments from $160.00 to $175.00 and gave the stock a hold rating in a report on Wednesday. Finally, Mizuho cut their price objective on Texas Instruments from $170.00 to $164.00 and set a neutral rating for the company in a report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $181.06.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $174.81 on Wednesday. The stock has a market cap of $159.09 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. The business has a fifty day simple moving average of $168.66 and a 200-day simple moving average of $161.99. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. Texas Instruments has a 12 month low of $139.48 and a 12 month high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Texas Instruments had a return on equity of 35.54% and a net margin of 35.16%. Texas Instruments’s revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 earnings per share. On average, sell-side analysts anticipate that Texas Instruments will post 5.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.68% of the stock is owned by company insiders.

Institutional Investors Weigh In On Texas Instruments

A number of institutional investors have recently added to or reduced their stakes in TXN. Annapolis Financial Services LLC boosted its holdings in Texas Instruments by 333.3% during 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 in the last quarter. Briaud Financial Planning Inc acquired a new stake in Texas Instruments during the third quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners acquired a new stake in Texas Instruments during the fourth quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new stake in Texas Instruments during the fourth quarter valued at approximately $26,000. Finally, Richardson Financial Services Inc. acquired a new stake in Texas Instruments during the fourth quarter valued at approximately $26,000. 84.99% of the stock is 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.