Texas Instruments (NYSE: TXN)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Thursday.

The analysts wrote, “Texas Instruments (TXN) has been reiterated by TheStreet Ratings as a buy with a ratings score of B+ . The company’s strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”

Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein downgraded shares of Texas Instruments from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $38.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Texas Instruments from $27.00 to $30.00 in a research note to investors on Monday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Texas Instruments in a research note to investors on Monday. They now have a $37.00 price target on the stock.

Nine research analysts have rated the stock with a buy rating, two have issued an overweight rating, twenty-six have assigned a hold rating, one has given an underweight rating, and five have assigned a sell rating to the stock. The stock presently has a consensus rating of “hold” and an average target price of $34.27.

Shares of Texas Instruments traded up 0.78% during mid-day trading on Thursday, hitting $35.565. Texas Instruments has a one year low of $26.06 and a one year high of $35.72. The stock’s 50-day moving average is currently $33.91. The company has a market cap of $39.292 billion and a P/E ratio of 23.37.

Texas Instruments last released its earnings data on Tuesday, January 22nd. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.02. 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 $0.48 earnings per share. The company’s quarterly revenue was down 12.9% on a year-over-year basis. Texas Instruments has set its Q1 guidance at $0.24-0.32 EPS. Analysts expect that Texas Instruments will post $1.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, May 20th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Friday, April 26th. This is a boost from Texas Instruments’s previous quarterly dividend of $0.21.

Texas Instruments Inc. (TI) designs and makes semiconductors, which it sells to electronics designers and manufacturers globally.

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