Texas Instruments Incorporated TXN will release earnings results for its third quarter after the closing bell on Tuesday, Oct. 22.
Analysts expect the Dallas, Texas-based bank to report quarterly earnings at $1.38 per share, down from $1.85 per share in the year-ago period. Texas Instruments projects to report revenue of $4.12 billion for the recent quarter, compared to $4.58 billion a year earlier, according to data from Benzinga Pro.
On Oct. 17, the company’s board of directors declared a quarterly cash dividend of $1.36 per share of common stock.
Texas Instruments shares fell 1.4% to close at $195.77 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Susquehanna analyst Christopher Rolland maintained a Positive rating and cut the price target from $250 to $240 on Oct. 21. This analyst has an accuracy rate of 80%.
- Rosenblatt analyst Hans Mosesmann maintained a Buy rating with a price target of $250 on Oct. 14. This analyst has an accuracy rate of 86%.
- Cantor Fitzgerald analyst C J Muse maintained a Neutral rating and cut the price target from $210 to $200 on Oct. 8. This analyst has an accuracy rate of 77%.
- Truist Securities analyst William Stein maintained a Hold rating and lowered the price target from $203 to $198 on Aug. 21. This analyst has an accuracy rate of 88%.
- Citigroup analyst Christian Danely upgraded the stock from Neutral to Buy and boosted the price target from $200 to $235 on Aug. 21. This analyst has an accuracy rate of 80%.
Considering buying TXN stock? Here’s what analysts think:
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