Share on StockTwits

Investment analysts at Barclays raised their price target on shares of Texas Instruments (NYSE:TXN) from $43.00 to $48.00 in a note issued to investors on Tuesday. Barclays’ target price would suggest a potential downside of 1.88% from the company’s current price.

Texas Instruments (NYSE:TXN) traded up 0.27% during mid-day trading on Tuesday, hitting $49.05. The stock had a trading volume of 416,715 shares. Texas Instruments has a one year low of $37.13 and a one year high of $49.77. The stock has a 50-day moving average of $47.94 and a 200-day moving average of $45.62. The company has a market cap of $52.942 billion and a price-to-earnings ratio of 24.06. Texas Instruments also was the target of unusually large options trading on Monday. Stock investors bought 5,675 put options on the company. This represents an increase of 397% compared to the typical daily volume of 1,142 put options.

Texas Instruments (NYSE:TXN) last posted its quarterly earnings results 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.

A number of other analysts have also recently weighed in on TXN. Analysts at Cleveland Research initiated coverage on shares of Texas Instruments in a research note on Thursday, June 26th. 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, June 25th. 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. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $49.49.

Texas Instruments Inc (NYSE:TXN) designs and makes semiconductors that the Company sells to electronics designers and manufacturers all over the world.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.