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Stock analysts at Sterne Agee lifted their EPS estimates on shares of Texas Instruments (NYSE:TXN) in a report issued on Thursday, American Banking News reports. The firm currently has an “underperform” rating and a $44.00 price target on the company’s shares. Sterne Agee’s price target would suggest a potential downside of 9.22% from the company’s current price.

Shares of Texas Instruments (NYSE:TXN) traded up 4.33% on Thursday, hitting $48.47. The stock had a trading volume of 13,421,455 shares. Texas Instruments has a 52 week low of $34.10 and a 52 week high of $49.77. The stock’s 50-day moving average is $46.23 and its 200-day moving average is $43.47. The company has a market cap of $52.552 billion and a P/E ratio of 24.32.

Texas Instruments (NYSE:TXN) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.03. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same quarter last year, the company posted $0.32 earnings per share. Texas Instruments’s revenue was up 3.4% compared to the same quarter last year. Analysts expect that Texas Instruments will post $2.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, May 19th. Investors of record on Wednesday, April 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Monday, April 28th.

A number of other firms have also recently commented on TXN. Analysts at MKM Partners raised their price target on shares of Texas Instruments from $45.00 to $52.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Nomura reiterated a “reduce” rating on shares of Texas Instruments in a research note on Thursday. They now have a $42.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Texas Instruments from $40.00 to $45.00 in a research note on Thursday. They now have a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Texas Instruments has an average rating of “Hold” and a consensus target price of $48.30.

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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