In a report released today, Thomas O’Malley from Barclays maintained a Hold rating on Texas Instruments (TXN – Research Report), with a price target of $190.00. The company’s shares closed last Friday at $195.02.
O’Malley covers the Technology sector, focusing on stocks such as Intel, Nvidia, and Advanced Micro Devices. According to TipRanks, O’Malley has an average return of 10.8% and a 58.79% success rate on recommended stocks.
Currently, the analyst consensus on Texas Instruments is a Hold with an average price target of $182.44, implying a -6.45% downside from current levels. In a report released on May 15, Cantor Fitzgerald also maintained a Hold rating on the stock with a $210.00 price target.
TXN market cap is currently $177.6B and has a P/E ratio of 30.39.
Based on the recent corporate insider activity of 51 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. Earlier this month, Richard Templeton, the Chairman of TXN sold 100,440.00 shares for a total of $17,924,937.12.
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Texas Instruments (TXN) Company Description:
Incorporated in 1930, Texas Instruments Incorporated, a global semiconductor company, designs, manufactures and sells analog and embedded processing chips. The company operates through two segments, including Analog, and Embedded Processing. The company is headquartered in Dallas, Texas.
