Texas Instruments (NASDAQ:TXN) Rating Reiterated by Rosenblatt Securities

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating reaffirmed by investment analysts at Rosenblatt Securities in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $210.00 price target on the semiconductor company’s stock. Rosenblatt Securities’ price objective points to a potential upside of 26.91% from the company’s current price.

Several other equities analysts also recently issued reports on the company. UBS Group upgraded Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Morgan Stanley upped their target price on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Mizuho cut their target price on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Barclays cut their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Finally, Evercore ISI assumed coverage on Texas Instruments in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $213.00 target price for the company. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $178.95.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $165.47 on Wednesday. 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 50 day simple moving average of $168.32 and a 200-day simple moving average of $161.90. The company has a market cap of $150.59 billion, a PE ratio of 23.44, a P/E/G ratio of 3.52 and a beta of 1.04. 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 quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The business’s revenue was down 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 earnings per share. On average, equities research analysts forecast that Texas Instruments will post 5.16 EPS for the current year.

Insider Activity

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were 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 approximately $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

Several large investors have recently added to or reduced their stakes in TXN. Norges Bank acquired a new stake in Texas Instruments during the 4th quarter valued at $1,649,592,000. Morgan Stanley raised its stake in Texas Instruments by 14.2% during the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after purchasing an additional 1,755,582 shares during the period. California Public Employees Retirement System increased its stake in shares of Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after acquiring an additional 1,502,989 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Texas Instruments by 565.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after acquiring an additional 1,439,066 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after acquiring an additional 1,385,725 shares during the last quarter. 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.