Texas Instruments Upgraded to Outperform at RBC Capital (TXN)
Texas Instruments (NYSE:TXN) was upgraded by research analysts at RBC Capital from a “sector perform” rating to an “outperform” rating in a report released on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Nomura upgraded shares of Texas Instruments from a “reduce” rating to a “neutral” rating in a research note on Friday, May 2nd. They now have a $45.00 price target on the stock, up previously from $42.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Texas Instruments in a research note on Tuesday, April 29th. They now have a $53.00 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and a consensus target price of $48.99.
Texas Instruments (NYSE:TXN) opened at 44.99 on Monday. Texas Instruments has a one year low of $34.10 and a one year high of $49.77. The stock has a 50-day moving average of $46.14 and a 200-day moving average of $44.11. The company has a market cap of $48.560 billion and a price-to-earnings ratio of 22.08.
Texas Instruments (NYSE:TXN) last released its 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 $2.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, May 19th. Stockholders 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 2.67%. The ex-dividend date is Monday, April 28th.
In other Texas Instruments news, Director Wayne Sanders sold 22,750 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $46.88, for a total value of $1,066,520.00. Following the completion of the sale, the director now directly owns 31,893 shares of the company’s stock, valued at approximately $1,495,144. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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