Texas Instruments PT Raised to $52.00 at MKM Partners (TXN)
Equities researchers at MKM Partners boosted their target price on shares of Texas Instruments (NYSE:TXN) from $45.00 to $52.00 in a research report issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ target price points to a potential upside of 11.92% from the stock’s previous close.
Texas Instruments (NYSE:TXN) traded up 5.46% on Thursday, hitting $48.995. 5,383,339 shares of the company’s stock traded hands. Texas Instruments has a 52-week low of $34.10 and a 52-week high of $49.77. The stock has a 50-day moving average of $46.14 and a 200-day moving average of $43.44. The company has a market cap of $53.121 billion and a price-to-earnings ratio of 24.32.
Texas Instruments (NYSE:TXN) last released its earnings data on Wednesday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Texas Instruments will post $2.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, May 19th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Monday, April 28th.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Jefferies Group raised their price target on shares of Texas Instruments from $52.00 to $55.00 in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $46.24.
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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