Texas Instruments Incorporated’s Equal Weight Rating Reaffirmed at Morgan Stanley (TXN)
Texas Instruments Incorporated (NYSE:TXN)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Morgan Stanley in a report issued on Wednesday, Analyst Ratings Network.com reports.
The analysts wrote, “TI’s guidance was in line with ests, although commentary about the business environment was positive,” the report noted. “Specifically, the company feels better about the macro at the start of this year relative to the same time a year ago, reinforced by stronger bookings and improved backlog. Exposure to PCs (personal electronics 37% of revs, with computing about 20%) could hold back growth vs. peers, and cash return which has been above cash flow will slow down. 20x multiple of 2014 EPS largely discounts a strong environment.”
Texas Instruments Incorporated (NYSE:TXN) opened at 43.85 on Wednesday. Texas Instruments Incorporated has a 52-week low of $32.19 and a 52-week 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 $47.997 billion and a price-to-earnings ratio of 25.98. Texas Instruments Incorporated also saw some unusual options trading on Tuesday. Traders acquired 13,426 call options on the stock. This is an increase of approximately 498% compared to the average volume of 2,245 call options.
Texas Instruments Incorporated (NYSE:TXN) last announced its earnings results on Tuesday, January 21st. The company reported $0.46 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.36 earnings per share. Texas Instruments Incorporated’s revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that Texas Instruments Incorporated will post $1.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, February 10th. Investors of record on Friday, January 31st will be given a dividend of 0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, January 29th.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Texas Instruments Incorporated in a research note to investors on Wednesday, December 11th. They now have a $46.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the stock. Texas Instruments Incorporated presently has an average rating of “Hold” and a consensus target price of $39.04.
Texas Instruments Inc (NYSE:TXN) designs and makes semiconductors that the Company sells to electronics designers and manufacturers all over the world.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.