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

Texas Instruments (NASDAQ:TXN)‘s stock had its “buy” rating reaffirmed by research analysts at Rosenblatt Securities in a report issued on Wednesday, Benzinga reports. They presently have a $210.00 target price on the semiconductor company’s stock. Rosenblatt Securities’ price target indicates a potential upside of 26.91% from the stock’s previous close.

Several other brokerages have also recently issued reports on TXN. Mizuho cut their target price on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. TD Cowen lifted their price objective on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a report on Wednesday. KeyCorp boosted their price target on Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Truist Financial lowered their price target on Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, February 9th. Finally, Morgan Stanley upped their price objective on Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $178.95.

Texas Instruments Price Performance

NASDAQ TXN opened at $165.47 on Wednesday. Texas Instruments has a 52 week low of $139.48 and a 52 week high of $188.12. The company has a market cap of $150.59 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The firm’s 50-day simple moving average is $168.32 and its two-hundred day simple moving average is $161.90.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the business earned $2.13 earnings per share. The business’s quarterly revenue was down 12.7% on a year-over-year basis. Research analysts predict that Texas Instruments will post 5.16 earnings per share for the current year.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of 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 legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.68% of the company’s stock.

Institutional Trading of Texas Instruments

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $1,649,592,000. Morgan Stanley lifted its holdings in shares of Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after buying an additional 1,755,582 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Texas Instruments by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after buying an additional 1,502,989 shares during the period. Assenagon Asset Management S.A. increased its stake in Texas Instruments by 565.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after purchasing an additional 1,439,066 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in Texas Instruments by 338.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after purchasing an additional 1,385,725 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Company Profile

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.