Texas Instruments Given Consensus Rating of “Hold” by Analysts (NYSE:TXN)
Texas Instruments (NYSE:TXN) has earned a consensus recommendation of “Hold” from the thirty ratings firms that are presently covering the company, Analyst RN reports. Fourteen analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $52.90.
In other Texas Instruments news, VP Teresa L. West unloaded 50,000 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $46.60, for a total value of $2,330,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Texas Instruments (NYSE:TXN) opened at 47.26 on Monday. Texas Instruments has a 52-week low of $38.00 and a 52-week high of $49.77. The stock’s 50-day moving average is $47.75 and its 200-day moving average is $46.19. The company has a market cap of $50.453 billion and a price-to-earnings ratio of 22.73.
Texas Instruments (NYSE:TXN) last announced its earnings results on Monday, July 21st. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts expect that Texas Instruments will post $2.41 EPS 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 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, July 29th.
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.
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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