Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Texas Instruments (TXN) yesterday and set a price target of $175.00. The company’s shares closed last Tuesday at $150.83, close to its 52-week high of $155.88.
According to TipRanks.com, Mosesmann is a top 100 analyst with an average return of 21.3% and a 67.0% success rate. Mosesmann covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Monolithic Power, and Lattice Semicon.
Texas Instruments has an analyst consensus of Moderate Buy, with a price target consensus of $152.65, a 0.6% upside from current levels. In a report issued on October 15, Oppenheimer also maintained a Buy rating on the stock with a $170.00 price target.
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Texas Instruments’ market cap is currently $138.1B and has a P/E ratio of 28.70. The company has a Price to Book ratio of 48.35.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TXN in relation to earlier this year. Most recently, in August 2020, Darla Whitaker, the SVP of TXN sold 40,000 shares for a total of $5,540,400.
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.
Texas Instruments Incorporated engages in the design and manufacture semiconductor solutions for analog and digital embedded and application processing. It operates through the following segments: Analog, and Embedded Processing. The Analog segment semiconductors change real-world signals, such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors. The Embedded Processing segment designed to handle specific tasks and can be optimized for various combinations of performance, power and cost, depending on the application. The company was founded by Cecil H. Green, Patrick Eugene Haggerty, John Erik Jonsson and Eugene McDermott in 1930and is headquartered in Dallas, TX.
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