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

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating restated by equities research analysts at Rosenblatt Securities in a report issued on Wednesday, AnalystRatings.com reports.

Other equities research analysts have also recently issued research reports about the stock. Bank of America upped their price objective on shares of Texas Instruments from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 22nd. KeyCorp upped their price target on shares of Texas Instruments from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, October 5th. Summit Insights lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Thursday, July 22nd. Susquehanna Bancshares upped their price objective on shares of Texas Instruments from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Thursday, July 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, July 22nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $208.00.

Shares of NASDAQ TXN opened at $196.98 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.08 and a quick ratio of 4.23. The company has a 50-day moving average price of $191.60 and a 200-day moving average price of $189.36. Texas Instruments has a 1 year low of $141.33 and a 1 year high of $202.26. The stock has a market capitalization of $181.85 billion, a P/E ratio of 27.47, a P/E/G ratio of 2.59 and a beta of 1.01.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 26th. The semiconductor company reported $2.07 EPS for the quarter, topping the consensus estimate of $2.06 by $0.01. Texas Instruments had a net margin of 40.12% and a return on equity of 69.28%. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. As a group, equities research analysts anticipate that Texas Instruments will post 7.88 earnings per share for the current fiscal year.

In other Texas Instruments news, Director Jean M. Hobby sold 900 shares of Texas Instruments stock in a transaction that occurred on Thursday, August 5th. The stock was sold at an average price of $192.04, for a total transaction of $172,836.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Julie C. Knecht sold 7,399 shares of Texas Instruments stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $192.17, for a total value of $1,421,865.83. Following the completion of the transaction, the chief accounting officer now owns 16,472 shares in the company, valued at $3,165,424.24. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Central Bank & Trust Co. lifted its holdings in shares of Texas Instruments by 0.5% in the third quarter. Central Bank & Trust Co. now owns 10,870 shares of the semiconductor company’s stock valued at $2,089,000 after purchasing an additional 53 shares in the last quarter. Argent Advisors Inc. raised its holdings in shares of Texas Instruments by 2.7% during the second quarter. Argent Advisors Inc. now owns 2,058 shares of the semiconductor company’s stock worth $396,000 after acquiring an additional 54 shares in the last quarter. Windsor Group LTD raised its holdings in Texas Instruments by 0.5% during the third quarter. Windsor Group LTD now owns 9,896 shares of the semiconductor company’s stock valued at $1,918,000 after buying an additional 54 shares in the last quarter. Ballentine Partners LLC raised its holdings in Texas Instruments by 0.3% during the second quarter. Ballentine Partners LLC now owns 17,546 shares of the semiconductor company’s stock valued at $3,374,000 after buying an additional 55 shares in the last quarter. Finally, Vigilare Wealth Management raised its holdings in Texas Instruments by 1.7% during the third quarter. Vigilare Wealth Management now owns 3,391 shares of the semiconductor company’s stock valued at $652,000 after buying an additional 56 shares in the last quarter. Institutional investors own 82.51% of the company’s stock.

About Texas Instruments

Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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Analyst Recommendations for Texas Instruments (NASDAQ:TXN)

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