Texas Instruments Incorporated (TXN) was Upgraded by Bernstein to ” Outperform” and the brokerage firm has set the Price Target at $80. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Bernstein advised their investors in a research report released on Sep 13, 2016.
Many Wall Street Analysts have commented on Texas Instruments Incorporated. Company shares were Reiterated by RBC Capital Mkts on Aug 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $75 .Texas Instruments Incorporated was Upgraded by Exane BNP Paribas to ” Neutral” on Aug 4, 2016. 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 .
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 $66.31 and hit $68.02 on the upside on Monday, eventually ending the session at $67.94, with a gain of 1.90% or 1.27 points. The heightened volatility saw the trading volume jump to 6,049,884 shares. Company has a market cap of $68,158 M.
In a different news, on Aug 8, 2016, Stephen A. Anderson (Sr. Vice President) sold 103,125 shares at $70.08 per share price. According to the SEC, on Aug 4, 2016, Bing Xie (Senior Vice President) sold 11,565 shares at $69.27 per share price. On Jul 29, 2016, R Gregory Delagi (Sr. Vice President) sold 50,000 shares at $69.93 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.