Texas Instruments Incorporated (TXN) was Reiterated by Mizuho to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 57 from a previous price target of $51 . Mizuho advised their investors in a research report released on Apr 15, 2016.
Many Wall Street Analysts have commented on Texas Instruments Incorporated. Drexel Hamilton Reiterated Texas Instruments Incorporated on Mar 2, 2016 to “Buy”, Price Target of the shares are set at $64.Texas Instruments Incorporated was Downgraded by Goldman to ” Sell” on Feb 3, 2016. Shares were Reiterated by Cowen on Jan 28, 2016 to “Market Perform” and Lowered the Price Target to $ 56 from a previous price target of $59 .
On the company’s financial health, Texas Instruments Incorporated reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $0.69. The company had revenue of $3189.00 million for the quarter, compared to analysts expectations of $3204.47 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.
Texas Instruments Incorporated closed down -0.07 points or -0.12% at $57.82 with 36,63,602 shares getting traded on Monday. Post opening the session at $57.9, the shares hit an intraday low of $57.79 and an intraday high of $58.635 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Feb 2, 2016, Darla H Whitaker (Sr. Vice President) sold 11,041 shares at $51.98 per share price. According to the SEC, on Feb 2, 2016, Teresa L West (Sr. Vice President) sold 22,500 shares at $52.16 per share price. On Feb 2, 2016, Cynthia Hoff Trochu (SVP, Secretary & Gen Counsel) sold 5,375 shares at $51.91 per share price, according to the Form-4 filing with the securities and exchange commission.
Texas Instruments Incorporated designs makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. The Companys Analog segment includes the following product lines: High Volume Analog & Logic Power Management High Performance Analog and Silicon Valley Analog. The Companys Embedded Processing segment includes the following product lines: Processor Microcontrollers and Connectivity. The Company is also engaged in smaller product lines such as DLP products certain custom semiconductors known as application-specific integrated circuits calculators baseband products and applications processors and connectivity products. The revenues from these smaller businesses are included under the Other segment. The Company has design manufacturing or sales operations in 35 countries.