The analysts wrote, “In-line with our expectations, Texas Instruments (TXN) narrowed top and bottom line guidance to the upper half of its prior guidance ranges at the Q1 mid-quarter update with TI noting improved order trends from Dec and Jan have continued with orders growing strongly YTD. With the semi cycle recovery still in the very early stages, we see TI as our best big-cap stock for investors to play the overall recovery as TI benefits from higher utilization rates pushing GM higher and market share gains driving a return to Q/Q earnings and revenue growth.”
Texas Instruments traded down 0.51% on Friday, hitting $35.02. Texas Instruments has a 1-year low of $26.06 and a 1-year high of $35.26. The stock’s 50-day moving average is currently $33.68. The company has a market cap of $38.690 billion and a price-to-earnings ratio of 23.31.
Texas Instruments 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 previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter 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 $1.60 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of Texas Instruments to $35.00 in a research note to investors on Friday. Separately, analysts at UBS AG raised their price target on shares of Texas Instruments from $33.00 to $35.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Texas Instruments in a research note to investors on Friday. They now have a $41.00 price target on the stock, up previously from $40.00.
Nine research analysts have rated the stock with a buy rating, three have issued an overweight rating, twenty-four have given a hold rating, one has issued an underweight rating, and six have assigned a sell rating to the stock. The company presently has a consensus rating of “hold” and a consensus price target of $32.72.
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 3.18%. 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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