Texas Instruments Price Target Raised to $49.00 at FBR Capital Markets (TXN)
Investment analysts at FBR Capital Markets boosted their target price on shares of Texas Instruments (NYSE:TXN) from $45.00 to $49.00 in a note issued to investors on Tuesday. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target suggests a potential downside of 0.24% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Texas Instruments from $43.00 to $48.00 in a research note on Tuesday, July 15th. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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. Fifteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.53.
Texas Instruments (NYSE:TXN) traded down 0.10% on Tuesday, hitting $49.12. The stock had a trading volume of 8,210,488 shares. Texas Instruments has a 1-year low of $38.00 and a 1-year high of $49.77. The stock has a 50-day moving average of $48.23 and a 200-day moving average of $45.81. The company has a market cap of $53.018 billion and a P/E ratio of 24.19.
Texas Instruments (NYSE:TXN) last posted its quarterly 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. Stockholders 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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