March 08, 2013 at 10:21 AM EST
Two Firms Raise Numbers on Texas Instruments (TXN)

On Friday, two investment firms boosted the price target and earnings estimates on Texas Instruments Incorporated (TXN) after the company updated its first quarter earnings outlook.

Analysts at Jefferies maintain a “Buy” rating on TXN and now see shares reaching $41. This new valuation suggests a 16% upside to Thursday’s closing price of $35.20.

JP Morgan analysts now see shares reaching $37, which suggests a 5% upside to Thursday’s closing price.

Texas Instruments shares were down 28 cents, or -0.78%, during Friday morning trading. The stock is up +7.15% over the past twelve months.

The Bottom Line
Shares of Texas Instruments (TXN) have a dividend yield of 3.21% based on Friday’s intraday trading price of $34.91 and the company’s annualized dividend payout of $1.12 per share.

Texas Instruments Incorporated (TXN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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