MKM Partners Increases Texas Instruments Incorporated Price Target to $45.00 (TXN)
Stock analysts at MKM Partners upped their price objective on shares of Texas Instruments Incorporated (NYSE:TXN) from $40.00 to $45.00 in a report issued on Wednesday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ target price would suggest a potential upside of 2.62% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Texas Instruments Incorporated in a research note to investors on Wednesday. Separately, analysts at RBC Capital raised their price target on shares of Texas Instruments Incorporated from $37.00 to $43.00 in a research note to investors on Wednesday. They now have a “sector perform” rating on the stock. Finally, analysts at Nomura downgraded shares of Texas Instruments Incorporated from a “neutral” rating to a “reduce” rating in a research note to investors on Thursday, December 12th. They now have a $33.00 price target on the stock. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company’s stock. Texas Instruments Incorporated presently has an average rating of “Hold” and a consensus price target of $39.21.
Texas Instruments Incorporated (NYSE:TXN) traded up 1.25% on Wednesday, hitting $44.40. The stock had a trading volume of 4,286,904 shares. Texas Instruments Incorporated has a 1-year low of $32.19 and a 1-year high of $44.09. The stock’s 50-day moving average is $43.08 and its 200-day moving average is $40.76. The company has a market cap of $48.599 billion and a price-to-earnings ratio of 25.98. Texas Instruments Incorporated also was the recipient of some unusual options trading activity on Tuesday. Traders acquired 13,426 call options on the stock. This is an increase of approximately 498% compared to the average daily volume of 2,245 call options.
Texas Instruments Incorporated (NYSE:TXN) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.46. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Texas Instruments Incorporated will post $1.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 10th. Shareholders of record on Friday, January 31st will be paid a dividend of 0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Wednesday, January 29th.
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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