Texas Instruments (NYSE:TXN) declared a quarterly dividend on Thursday, February 21st. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.28 per share on Monday, May 20th. This represents a $1.12 dividend on an annualized basis and a yield of 3.45%.
Several analysts have also recently commented on the stock. Analysts at Cowen initiated coverage on shares of Texas Instruments in a research note to investors on Monday, February 4th. They set a “neutral” rating on the stock. On a related note, analysts at ISI Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating in a research note to investors on Monday, February 4th. They now have a $37.00 price target on the stock, up previously from $27.00. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Texas Instruments in a research note to investors on Monday, January 28th.
Ten research analysts have rated the stock with a buy rating, three have issued an overweight rating, twenty-three have given a hold rating, one has assigned an underweight rating, and six have given a sell rating to the company’s stock. The company presently has an average rating of “hold” and an average price target of $32.45.
Shares of Texas Instruments (TXN) traded down 1.75% during mid-day trading on Thursday, hitting $32.48. Texas Instruments (TXN) has a 52 week low of $26.06 and a 52 week high of $34.29. The stock’s 50-day moving average is currently $32.98. The company has a market cap of $35.994 billion and a P/E ratio of 21.89.
Texas Instruments last posted its quarterly earnings results on Tuesday, January 22nd. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters 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 (TXN) will post $1.72 EPS for the current fiscal year.
Texas Instruments Inc. (TI) designs and makes semiconductors, which it sells to electronics designers and manufacturers globally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.