Texas Instruments Price Target Raised to $46.00 at Sterne Agee (TXN)
Research analysts at Sterne Agee lifted their target price on shares of Texas Instruments (NYSE:TXN) from $44.00 to $46.00 in a report released on Tuesday. Sterne Agee’s price objective suggests a potential downside of 6.45% from the company’s current price.
A number of other firms have also recently commented on TXN. Analysts at BMO Capital Markets raised their price target on shares of Texas Instruments from $50.00 to $55.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Texas Instruments from $48.00 to $50.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Cowen and Company reiterated a “market perform” rating on shares of Texas Instruments in a research note on Tuesday. They now have a $48.00 price target on the stock, up previously from $47.00. Fifteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $50.41.
Texas Instruments (NYSE:TXN) traded down 1.34% during mid-day trading on Tuesday, hitting $48.51. The stock had a trading volume of 3,716,517 shares. Texas Instruments has a 52 week low of $37.22 and a 52 week high of $49.77. The stock has a 50-day moving average of $48.21 and a 200-day moving average of $45.77. The company has a market cap of $52.359 billion and a price-to-earnings ratio of 24.19.
Texas Instruments (NYSE:TXN) last announced its earnings results on Monday, July 21st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts expect that Texas Instruments will post $2.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 18th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, July 29th.
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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