Texas Instruments Incorporated Upgraded to “Neutral” by Susquehanna (TXN)
Texas Instruments Incorporated (NYSE:TXN) was upgraded by Susquehanna to a “neutral” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on TXN. Analysts at Zacks reiterated a “neutral” rating on shares of Texas Instruments Incorporated in a research note to investors on Friday, September 27th. They now have a $42.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Texas Instruments Incorporated from $40.00 to $42.00 in a research note to investors on Wednesday, September 11th. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Texas Instruments Incorporated to $40.00 in a research note to investors on Wednesday, September 11th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. Texas Instruments Incorporated has a consensus rating of “Hold” and an average price target of $37.52.
Texas Instruments Incorporated (NYSE:TXN) opened at 40.55 on Tuesday. Texas Instruments Incorporated has a 52 week low of $27.21 and a 52 week high of $40.94. The stock’s 50-day moving average is $39.86 and its 200-day moving average is $37.49. The company has a market cap of $44.653 billion and a P/E ratio of 22.35.
Texas Instruments Incorporated (NYSE:TXN) last posted its quarterly 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 in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post $1.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 18th. Investors of record on Thursday, October 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Tuesday, October 29th. This is an increase from Texas Instruments Incorporated’s previous quarterly dividend of $0.28.
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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