Texas Instruments Incorporated (TXN) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.65 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.62. The company posted revenue of $3008.00 million in the period, 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.
Many Wall Street Analysts have commented on Texas Instruments Incorporated. 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 .Drexel Hamilton Reiterated Texas Instruments Incorporated on Mar 2, 2016 to “Buy”, Price Target of the shares are set at $64.
Texas Instruments Incorporated closed down -0.18 points or -0.31% at $58.68 with 53,59,856 shares getting traded on Friday. Post opening the session at $58.81, the shares hit an intraday low of $58.44 and an intraday high of $59.6 and the price fluctuated in this range throughout the day.Shares ended Friday 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.