Texas Instruments Incorporated Given New $40.00 Price Target at Goldman Sachs Group Inc. (TXN)
Goldman Sachs Group Inc. increased their price objective on shares of Texas Instruments Incorporated (NYSE:TXN) to $40.00 in a research note issued on Wednesday, American Banking News reports. Goldman Sachs Group Inc.’s price target suggests a potential downside of 0.77% from the company’s current price.
A number of other analysts have also recently weighed in on TXN. Analysts at JPMorgan Chase & Co. set a $45.00 price target on shares of Texas Instruments Incorporated (NYSE:TXN) in a research note to investors on Wednesday. Separately, 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. Finally, 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.
Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.30.
Texas Instruments Incorporated (NYSE:TXN) traded up 0.02% during mid-day trading on Wednesday, hitting $40.32. The stock had a trading volume of 677,140 shares. Texas Instruments Incorporated has a 1-year low of $26.94 and a 1-year 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 $44.399 billion and a P/E ratio of 22.22. Texas Instruments Incorporated also was the target of unusually large options trading activity on Tuesday. Investors bought 12,169 put options on the stock. This is an increase of approximately 350% compared to the typical 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 EPS for the quarter, beating the Thomson Reuters 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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