Texas Instruments Receives Consensus Rating of “Hold” from Brokerages (NYSE:TXN)
Texas Instruments (NYSE:TXN) has been given an average rating of “Hold” by the thirty-three ratings firms that are presently covering the company, American Banking News.com reports. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $39.52.
Shares of Texas Instruments (NYSE:TXN) traded up 0.18% during mid-day trading on Friday, hitting $43.82. The stock had a trading volume of 1,619,509 shares. Texas Instruments has a 1-year low of $32.19 and a 1-year high of $44.82. The stock has a 50-day moving average of $42.94 and a 200-day moving average of $41.31. The company has a market cap of $47.448 billion and a P/E ratio of 22.90.
Texas Instruments (NYSE:TXN) last released its earnings data 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’s revenue was up 1.6% compared to the same quarter last year. Analysts expect that Texas Instruments will post $2.09 EPS for the current fiscal year.
In other Texas Instruments news, VP Brian Crutcher sold 42,802 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $42.22, for a total transaction of $1,807,100.44. Following the completion of the sale, the vice president now directly owns 450,282 shares in the company, valued at approximately $19,010,906. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on TXN. Analysts at Credit Suisse raised their price target on shares of Texas Instruments to $44.00 in a research note on Wednesday, January 22nd. They now have a “neutral” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of Texas Instruments from $40.00 to $45.00 in a research note on Wednesday, January 22nd. They now have a “neutral” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Texas Instruments in a research note on Wednesday, January 22nd.
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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