Oppenheimer analyst Rick Schafer maintained a Buy rating on Texas Instruments (TXN – Research Report) today and set a price target of $140.00. The company’s shares closed last Monday at $130.16, close to its 52-week high of $132.20.
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 18.4% and a 75.1% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Broadcom, and Semtech.
Texas Instruments has an analyst consensus of Hold, with a price target consensus of $125.14, implying a -3.7% downside from current levels. In a report issued on January 10, Merrill Lynch also maintained a Buy rating on the stock with a $148.00 price target.
Based on Texas Instruments’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.77 billion and net profit of $1.42 billion. In comparison, last year the company earned revenue of $3.72 billion and had a net profit of $1.23 billion.
Based on the recent corporate insider activity of 75 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.
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