New Buy Rating for Texas Instruments (TXN), the Technology Giant

Benchmark Co. analyst Cody Acree reiterated a Buy rating on Texas Instruments (TXN – Research Report) today and set a price target of $210.00. The company’s shares closed yesterday at $165.47.

Acree covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Intel, and Nvidia. According to TipRanks, Acree has an average return of 21.4% and a 64.03% success rate on recommended stocks.

In addition to Benchmark Co., Texas Instruments also received a Buy from DBS’s Ling Lee Keng in a report issued today. However, on the same day, Barclays maintained a Hold rating on Texas Instruments (NASDAQ: TXN).

Based on Texas Instruments’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.08 billion and a net profit of $1.37 billion. In comparison, last year the company earned a revenue of $4.67 billion and had a net profit of $1.96 billion

Based on the recent corporate insider activity of 46 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 February 2024, Mark Blinn, a Director at TXN sold 1,744.00 shares for a total of $278,768.62.

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 (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.