Price Target Update on Texas Instruments Incorporated (NASDAQ:TXN)

Texas Instruments Incorporated (NASDAQ:TXN) : The highest short term price target forecast on Texas Instruments Incorporated (NASDAQ:TXN) is $71 and the lowest target price is $40. A total of 24 equity analysts are currently covering the company. The average price of all the analysts is $61.19 with a standard deviation of $6.41.

Other Equity analysts have also commented on the company shares. B. Riley maintains its view on Texas Instruments Incorporated (NASDAQ:TXN) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. B. Riley raises the price target from $55 per share to $56.5 per share on Texas Instruments Incorporated. The rating by the firm was issued on April 28, 2016.

Texas Instruments Incorporated (NASDAQ:TXN): stock turned positive on Thursday. Though the stock opened at $62.65, the bulls momentum made the stock top out at $63.31 level for the day. The stock recorded a low of $62.37 and closed the trading day at $63.3, in the green by 2.00%. The total traded volume for the day was 3,638,138. The stock had closed at $62.06 in the previous days trading.

The company shares have rallied 15.35% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $62.59 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $59.82 and the 200 Day Moving Average price is recorded at $56.16. On the companys insider trading activities, The officer (Executive Vice President), of Texas Instruments Inc, Crutcher Brian T had unloaded 34,126 shares at $57.99 per share in a transaction on May 16, 2016. The total value of transaction was $1,978,967. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.