Texas Instruments Receives Buy Rating from TheStreet (TXN)
Texas Instruments (NYSE: TXN)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Monday.
The analysts wrote, “Texas Instruments (TXN) has been reiterated by TheStreet Ratings as a buy with a ratings score of B+ . The company’s strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Several other analysts have also recently commented on the stock. 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. Separately, 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, March 11th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Texas Instruments in a research note to investors on Monday, March 11th. They now have a $37.00 price target on the stock.
Nine equities research analysts have rated the stock with a buy rating, two have issued an overweight rating, twenty-six have given a hold rating, one has issued an underweight rating, and five have assigned a sell rating to the company. Texas Instruments presently has an average rating of “hold” and an average target price of $34.27.
Shares of Texas Instruments (NYSE: TXN) opened at 35.08 on Monday. 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 $38.756 billion and a P/E ratio of 23.23.
Texas Instruments (NYSE: TXN) last announced its earnings results 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 prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was down 12.9% on a year-over-year basis. Texas Instruments has set its Q1 guidance at $0.24-0.32 EPS. Analysts expect that Texas Instruments will post $1.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, May 20th. Investors 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 3.19%. The ex-dividend date of this dividend is Friday, April 26th. This is an increase 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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