Texas Instruments Downgraded by Sanford C. Bernstein to Market Perform (TXN)
Sanford C. Bernstein downgraded shares of Texas Instruments (NYSE: TXN) from an outperform rating to a market perform rating in a research note released on Wednesday morning, TheFlyOnTheWall.com reports. They currently have $38.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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, March 8th. They now have a hold rating on the stock.
Nine investment analysts have rated the stock with a buy rating, two have given an overweight rating, twenty-six have assigned a hold rating, one has assigned an underweight rating, and five have given a sell rating to the company’s stock. Texas Instruments currently has a consensus rating of hold and a consensus price target of $34.27.
Shares of Texas Instruments (NYSE: TXN) opened at 35.38 on Wednesday. Texas Instruments has a one year low of $26.06 and a one year high of $35.73. The stock’s 50-day moving average is currently $33.97. The company has a market cap of $39.087 billion and a P/E ratio of 23.43.
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 3.17%. 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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