Texas Instruments Incorporated Sets New 1-Year High at $41.22 (TXN)
Texas Instruments Incorporated (NYSE:TXN) set a new 52-week high during mid-day trading on Monday, ARN reports. The stock traded as high as $41.22 and last traded at $40.96, with a volume of 8,068,929 shares. The stock had previously closed at $40.71.
TXN has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Texas Instruments Incorporated from $31.00 to $38.00 in a research note to investors on Tuesday, October 15th. They now have an “equal weight” rating on the stock. Separately, analysts at Susquehanna upgraded shares of Texas Instruments Incorporated from a “negative” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. Finally, 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. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $37.78.
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 $40.08 and its 200-day moving average is $37.59. The company has a market cap of $45.137 billion and a price-to-earnings ratio of 22.44.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 18th. Stockholders 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 2.95%. The ex-dividend date is Tuesday, October 29th. This is a boost 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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