Texas Instruments Incorporated (TXN) is Upgraded by BofA/Merrill to Buy

Texas Instruments Incorporated (TXN) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Jul 26, 2016.

Many Wall Street Analysts have commented on Texas Instruments Incorporated. Company shares were Reiterated by Mizuho on Jul 26, 2016 to “Neutral”, Firm has raised the Price Target to $ 65 from a previous price target of $57 .Company shares were Reiterated by Cowen on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 69 from a previous price target of $60 .Company shares were Reiterated by Drexel Hamilton on Jul 26, 2016 to “Buy”, Firm has raised the Price Target to $ 82 from a previous price target of $71 .

On the company’s financial health, Texas Instruments Incorporated reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.72. The company had revenue of $3273.00 million for the quarter, compared to analysts expectations of $3200.20 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Texas Instruments Incorporated opened for trading at $65.32 and hit $65.68 on the upside on Wednesday, eventually ending the session at $65.45, with a gain of 0.79% or 0.51 points. The heightened volatility saw the trading volume jump to 47,44,093 shares. Company has a market cap of $65,727 M.

In a different news, on May 18, 2016, Brian T Crutcher (Executive Vice President) sold 34,126 shares at $57.99 per share price. According to the SEC, on May 13, 2016, Christine Todd Whitman (director) sold 7,000 shares at $57.74 per share price. On May 10, 2016, Kevin J Ritchie (Sr. Vice President) sold 155,249 shares at $57.05 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

Leave a Reply

Texas Instruments Incorporated - Is it time to Sell?

Top Brokerage Firms are advising their investors on Texas Instruments Incorporated. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.