Texas Instruments Incorporated Given a $45.00 Price Target by JPMorgan Chase & Co. Analysts (TXN)
Stock analysts at JPMorgan Chase & Co. set a $45.00 target price on shares of Texas Instruments Incorporated (NYSE:TXN) stock in a report issued on Wednesday, Analyst Ratings Network reports. JPMorgan Chase & Co.’s price objective indicates a potential upside of 11.63% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Texas Instruments Incorporated (NYSE:TXN) from $33.00 to $36.00 in a research note to investors on Wednesday. They now have an “underperform” rating on the stock. Separately, analysts at BNP Paribas raised their price target on shares of Texas Instruments Incorporated (NYSE:TXN) to $35.00 in a research note to investors on Thursday, July 25th. Finally, analysts at Wedbush raised their price target on shares of Texas Instruments Incorporated (NYSE:TXN) from $39.00 to $40.00 in a research note to investors on Tuesday, July 23rd. They now have an “outperform” rating on the stock.
Five research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $36.17.
Shares of Texas Instruments Incorporated (NYSE:TXN) opened at 40.31 on Wednesday. Texas Instruments Incorporated has a 52-week low of $26.94 and a 52-week high of $40.36. The stock has a 50-day moving average of $39.14 and a 200-day moving average of $36.55. The company has a market cap of $44.388 billion and a P/E ratio of 22.22. Texas Instruments Incorporated also saw unusually large options trading on Tuesday. Stock traders acquired 12,169 put options on the company. This is an increase of approximately 350% compared to the average daily volume of 2,706 put options.
Texas Instruments Incorporated (NYSE:TXN) last announced its earnings results on Monday, July 22nd. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.01. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the company posted $0.44 earnings per share. Texas Instruments Incorporated’s revenue was down 8.6% compared to the same quarter last year. Analysts expect that Texas Instruments Incorporated will post $1.94 EPS for the current fiscal year.
Texas Instruments Inc (NYSE:TXN) designs and makes semiconductors that the Company sells to electronics designers and manufacturers all over the world.
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