Oppenheimer analyst Rick Schafer assigned a Buy rating to Texas Instruments (TXN) today. The company’s shares closed yesterday at $102.32.
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 14.7% and a 68.0% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Skyworks Solutions, and Maxim Integrated.
Texas Instruments has an analyst consensus of Moderate Buy, with a price target consensus of $106.67, which is a 4.3% upside from current levels. In a report issued on January 24, BMO Capital also maintained a Buy rating on the stock with a $120 price target.
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Based on Texas Instruments’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.72 billion and net profit of $1.24 billion. In comparison, last year the company earned revenue of $3.75 billion and had a net profit of $342 million.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.
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Texas Instruments Inc. engages in the design and manufacture semiconductor solutions for analog and digital embedded and application processing. It operates through the following business segments: Analog & Embedded Processing.
