Texas Instruments Receives Average Rating of “Hold” from Analysts (NYSE:TXN)
Texas Instruments (NYSE:TXN) has been given a consensus recommendation of “Hold” by the thirty ratings firms that are presently covering the company, Analyst Ratings Network.com reports. Fourteen analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $52.90.
TXN has been the subject of a number of recent research reports. Analysts at Tigress Financial upgraded shares of Texas Instruments from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 24th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. They now have a $52.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Texas Instruments from $44.00 to $46.00 in a research note on Tuesday, July 22nd.
Shares of Texas Instruments (NYSE:TXN) opened at 46.49 on Monday. 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 $47.87 and a 200-day moving average of $46.1. The company has a market cap of $49.631 billion and a price-to-earnings ratio of 22.37.
Texas Instruments (NYSE:TXN) last released its quarterly earnings data 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. On average, analysts predict that Texas Instruments will post $2.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 18th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.59%. The ex-dividend date 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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