Texas Instruments PT Raised to $31.00 (TXN)
Analysts at Robert W. Baird raised their price target on shares of Texas Instruments (NYSE: TXN) from $28.00 to $31.00 in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James raised their price target on shares of Texas Instruments from $36.00 to $39.00 in a research note to investors on Friday. Separately, analysts at Longbow Research raised their price target on shares of Texas Instruments from $22.00 to $27.00 in a research note to investors on Friday. They now have an “underperform” rating on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Texas Instruments from $36.00 to $38.00 in a research note to investors on Friday.
Nine equities research analysts have rated the stock with a buy rating, three have given an overweight rating, twenty-four have given a hold rating, one has assigned an underweight rating, and six have issued a sell rating to the company. The stock currently has an average rating of “hold” and a consensus price target of $32.72.
Shares of Texas Instruments traded up 0.26% during mid-day trading on Friday, hitting $35.29. Texas Instruments has a one year low of $26.06 and a one year high of $35.26. The stock’s 50-day moving average is currently $33.68. The company has a market cap of $38.988 billion and a P/E ratio of 23.31.
Texas Instruments 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 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 $1.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, May 20th. Shareholders 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 3.17%. The ex-dividend date of this dividend 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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