Texas Instruments Now Covered by Tigress Financial (TXN)
A number of other firms have also recently commented on TXN. Analysts at TheStreet reiterated a “buy” rating on shares of Texas Instruments in a research note to investors on Monday. Finally, 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, March 13th. They now have a $38.00 price target on the stock.
Nine 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 given a sell rating to the company’s stock. Texas Instruments has an average rating of “hold” and a consensus price target of $34.27.
Texas Instruments (NYSE: TXN) traded down 0.88% on Monday, hitting $34.77. Texas Instruments has a 52-week low of $26.06 and a 52-week high of $35.73. The stock’s 50-day moving average is currently $34.03. The company has a market cap of $38.413 billion and a price-to-earnings ratio of 23.23.
Texas Instruments (NYSE: TXN) last released its earnings data on Tuesday, January 22nd. The company reported $0.36 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.48 earnings per share. Texas Instruments’s revenue was down 12.9% compared to the same quarter last year. Texas Instruments has set its Q1 guidance at $0.24-0.32 EPS. On average, analysts predict that Texas Instruments will post $1.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, May 20th. Shareholders 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 3.19%. The ex-dividend date is Friday, April 26th. This is a positive change 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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