Texas Instruments (TXN) Received its Third Buy in a Row


After Oppenheimer and RBC Capital gave Texas Instruments (NASDAQ: TXN) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Ambrish Srivastava maintained a Buy rating on Texas Instruments yesterday and set a price target of $138. The company’s shares opened today at $110.56.

According to TipRanks.com, Srivastava is a 4-star analyst with an average return of 12.1% and a 72.3% success rate. Srivastava covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and Maxim Integrated.

Texas Instruments has an analyst consensus of Moderate Buy, with a price target consensus of $128.

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Based on Texas Instruments’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.02 billion and net profit of $1.39 billion. In comparison, last year the company earned revenue of $3.69 billion and had a net profit of $1.05 billion.

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Kevin Ritchie, the SVP of TXN sold 52,698 shares for a total of $5,805,739.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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