Robert W. Baird analyst Tristan Gerra maintained a Hold rating on Texas Instruments (TXN – Research Report) yesterday. The company’s shares closed yesterday at $184.72.
According to TipRanks, Gerra is a 5-star analyst with an average return of 10.0% and a 57.08% success rate. Gerra covers the Technology sector, focusing on stocks such as Himax Technologies, Intel, and Texas Instruments.
In addition to Robert W. Baird, Texas Instruments also received a Hold from Evercore ISI’s C J Muse in a report issued yesterday. However, on the same day, Rosenblatt Securities maintained a Buy rating on Texas Instruments (NASDAQ: TXN).
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Based on Texas Instruments’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.67 billion and a net profit of $1.96 billion. In comparison, last year the company earned a revenue of $4.83 billion and had a net profit of $2.14 billion
Based on the recent corporate insider activity of 40 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 November 2022, Janet Clark, a Director at TXN sold 9,990.00 shares for a total of $1,749,848.40.
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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.
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