Texas Instruments Incorporated (TXN) is Reiterated by Cowen to Market Perform, Raises Price Target to $ 60

Texas Instruments Incorporated (TXN) was Reiterated by Cowen to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 60 from a previous price target of $56 . Cowen advised their investors in a research report released on Apr 28, 2016.

Many Wall Street Analysts have commented on Texas Instruments Incorporated. Company shares were Reiterated by Drexel Hamilton on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 71 from a previous price target of $64 .Texas Instruments Incorporated was Downgraded by Raymond James to ” Outperform” on Apr 19, 2016. Company shares were Reiterated by Mizuho on Apr 15, 2016 to “Neutral”, Firm has raised the Price Target to $ 57 from a previous price target of $51 .

On the company’s financial health, Texas Instruments Incorporated reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.62. The company had revenue of $3008.00 million for the quarter, compared to analysts expectations of $2984.63 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.61 EPS.

Texas Instruments Incorporated opened for trading at $59.03 and hit $60 on the upside on Wednesday, eventually ending the session at $59.92, with a gain of 0.88% or 0.52 points. The heightened volatility saw the trading volume jump to 71,23,930 shares. Company has a market cap of $60,235 M.

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 Company’s Analog segment includes the following product lines: High Volume Analog & Logic Power Management High Performance Analog and Silicon Valley Analog. The Company’s 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.

Texas Instruments Incorporated

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