Tigress Financial began coverage on shares of Texas Instruments (NYSE: TXN) in a report issued on Monday. The firm issued an underperform rating on the stock.
Shares of Texas Instruments (NYSE: TXN) opened at 34.66 on Monday. 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 $34.13. The company has a market cap of $38.292 billion and a P/E ratio of 22.95.
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 3.23%. 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a buy rating on shares of Texas Instruments in a research note to investors on Monday. Finally, 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.
Six research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and eleven have issued a buy rating to the company’s stock. Texas Instruments has an average rating of Hold and an average price target of $32.66.
Texas Instruments Inc. (NYSE: TXN) designs and makes semiconductors, which it sells to electronics designers and manufacturers globally.
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