Texas Instruments Given Average Rating of “Hold” by Brokerages (NYSE:TXN)
Texas Instruments (NYSE:TXN) has received a consensus recommendation of “Hold” from the thirty-four ratings firms that are covering the stock, American Banking and Market News reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $49.30.
Several analysts have recently commented on the stock. Analysts at Cleveland Research initiated coverage on shares of Texas Instruments in a research note on Thursday. They set a “neutral” rating on the stock. Separately, analysts at Argus upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Texas Instruments in a research note on Wednesday, June 4th. They now have a $49.00 price target on the stock.
Shares of Texas Instruments (NYSE:TXN) opened at 47.56 on Friday. Texas Instruments has a 52-week low of $34.51 and a 52-week high of $49.77. The stock has a 50-day moving average of $46.97 and a 200-day moving average of $45.11. The company has a market cap of $51.334 billion and a P/E ratio of 23.51.
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 $2.32 EPS for the current fiscal year.
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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