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.