Texas Instruments Price Target Raised to $30.00 at RBC Capital (TXN)
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Deutsche Bank raised their price target on shares of Texas Instruments from $30.00 to $31.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Texas Instruments from $28.00 to $31.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock.
Nine investment analysts have rated the stock with a buy rating, three have given an overweight rating, twenty-five have issued a hold rating, one has given an underweight rating, and five have given a sell rating to the company. The company has an average rating of “hold” and an average price target of $34.15.
Texas Instruments traded up 0.65% on Monday, hitting $35.52. Texas Instruments has a 52-week low of $26.06 and a 52-week high of $35.32. The stock’s 50-day moving average is currently $33.74. The company has a market cap of $39.242 billion and a price-to-earnings ratio of 23.37.
Texas Instruments last released its earnings data on Tuesday, January 22nd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. Texas Instruments has set its Q1 guidance at $0.24-0.32 EPS. On average, analysts predict that Texas Instruments will post $1.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, May 20th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend 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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