Texas Instruments Incorporated (NYSE:TXN) declared a quarterly dividend on Thursday, July 18th, StockRatingsNetwork reports. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.28 per share on Monday, August 19th. This represents a $1.12 dividend on an annualized basis and a yield of 2.98%.
A number of research firms have recently commented on TXN. Analysts at TheStreet reiterated a “buy” rating on shares of Texas Instruments Incorporated in a research note to investors on Monday. On the ratings front, analysts at Jefferies Group reiterated a “hold” rating on shares of Texas Instruments Incorporated in a research note to investors on Friday, July 12th. They now have a $41.58 price target on the stock.
Six analysts have rated the stock with a sell rating, twenty-two have given a hold rating and nine have issued a buy rating to the company’s stock. Texas Instruments Incorporated presently has an average rating of “Hold” and a consensus target price of $33.56.
Shares of Texas Instruments Incorporated (NYSE: TXN) traded down 0.79% during mid-day trading on Thursday, hitting $37.60. Texas Instruments Incorporated has a one year low of $26.14 and a one year high of $38.16. The stock’s 50-day moving average is currently $35.88. The company has a market cap of $41.704 billion and a P/E ratio of 23.47.
Texas Instruments Incorporated (NYSE:TXN) last announced its earnings results on Monday, April 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was down 7.6% on a year-over-year basis. Texas Instruments Incorporated has set its Q2 guidance at $0.37-0.45 EPS. On average, analysts predict that Texas Instruments Incorporated will post $1.71 earnings per share for the current fiscal year.
Texas Instruments Inc (NYSE: TXN) designs and makes semiconductors that the Company sells to electronics designers and manufacturers all over the world.
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