Texas Instruments Receives Consensus Rating of “Hold” from Brokerages (NYSE:TXN)
A number of equities analysts have recently commented on the company. Robert W. Baird lowered their target price on Texas Instruments from $54.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Jefferies Group reissued a “buy” rating and issued a $58.00 price target (down previously from $65.00) on shares of Texas Instruments in a research note on Thursday, July 23rd. Macquarie cut their target price on Texas Instruments from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Deutsche Bank reiterated a “hold” rating and issued a $49.00 price target on shares of Texas Instruments in a report on Sunday, July 26th. Finally, B. Riley reissued a “buy” rating and issued a $55.00 price objective on shares of Texas Instruments in a research note on Tuesday, July 28th.
Shares of Texas Instruments (NYSE:TXN) traded down 0.52% during trading on Monday, reaching $49.98. The company’s stock had a trading volume of 7,466,903 shares. The firm has a market cap of $51.68 billion and a PE ratio of 17.97. Texas Instruments has a 12 month low of $41.47 and a 12 month high of $59.99. The company’s 50 day moving average price is $51.26 and its 200 day moving average price is $54.90.
Texas Instruments (NYSE:TXN) last released its earnings results on Wednesday, July 22nd. The semiconductor manufacturer reported $0.65 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.65. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the company posted $0.62 EPS. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, equities analysts predict that Texas Instruments will post $2.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be distributed on Monday, August 17th. Stockholders of record on Friday, July 31st will be issued a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, July 29th. This represents a $1.36 annualized dividend and a dividend yield of 2.72%.
Texas Instruments Incorporated makes, designs and sells semiconductors to electronic equipment designers and makers across the world. The Business operates through two segments: Analog and Embedded Processing. The Analog segment of the Business contains the following product lines: Silicon Valley Analog & Logic, Power Management, High Performance Analog and High Quantity Analogue. The Company’s Set Processing section comprises the following product lines: Microcontrollers Chip and Connectivity. The Business is also engaged in smaller product lines, for example DLP products, particular custom semiconductors referred to as application-specific integrated circuits, calculators, baseband products, and programs processors and connectivity products. The earnings from these smaller businesses are included under Another segment. The Business has manufacturing design or sales operations in 35 countries.