Texas Instruments Rating Reiterated by Citigroup Inc. (TXN)
Texas Instruments (NYSE:TXN)‘s stock had its “buy” rating restated by equities researchers at Citigroup Inc. in a research report issued on Tuesday, American Banking & Market News reports. They currently have a $53.00 price target on the stock. Citigroup Inc.’s target price would indicate a potential upside of 16.61% from the company’s current price.
In other Texas Instruments news, Director Pamela Patsley sold 15,000 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $46.78, for a total transaction of $701,700.00. Following the completion of the transaction, the director now directly owns 23,293 shares in the company, valued at approximately $1,089,647. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on TXN. Analysts at Charter Equity upgraded shares of Texas Instruments from a “market perform” rating to a “buy” rating in a research note on Thursday, April 24th. Separately, analysts at Credit Suisse raised their price target on shares of Texas Instruments from $44.00 to $48.00 in a research note on Thursday, April 24th. Finally, analysts at Barclays raised their price target on shares of Texas Instruments from $40.00 to $43.00 in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $48.47.
Shares of Texas Instruments (NYSE:TXN) traded up 1.41% during mid-day trading on Tuesday, hitting $46.091. 3,402,250 shares of the company’s stock traded hands. Texas Instruments has a 1-year low of $34.10 and a 1-year high of $49.77. The stock’s 50-day moving average is $46.24 and its 200-day moving average is $43.6. The company has a market cap of $49.972 billion and a price-to-earnings ratio of 23.80.
Texas Instruments (NYSE:TXN) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that Texas Instruments will post $2.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, May 19th. Shareholders 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 2.64%. The ex-dividend date of this dividend is Monday, April 28th.
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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