July 22 Texas Instruments Inc reported a 1.8 percent fall in quarterly revenue, hurt by weak demand for its chips for communications equipment.
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The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. They have a $180.00 price target on that stock, down previously from $190.00.
Texas Instruments Incorporated (NASDAQ:TXN) witnessed a volatile trading activity on Friday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The market cap of the company stands at $51,352 million and there are 1,040,363,000 shares in public circulation. During the same quarter in the prior year, the company posted $0.44 earnings per share.
As per earningswhispers.com, the semi-conductor company is projected to report earnings per share (EPS) of $0.66, and miss the analysts’ estimate of $0.70.
TXN has been the subject of a number of recent research reports.
Dallas-based TI said it expects to earn 62 cents to 72 cents a share on revenue of $3.15 billion to $3.41 billion for the third quarter.
The Street is neutral on Texas Instruments stock. Separately, analysts at Vetr downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $58.33 price target on the stock in a research note on Monday, May 18th. Analysts at Mizuho initiated coverage on shares of Texas Instruments in a research note on Thursday, May 21st. On Mar 2, 2015, the shares registered one year high at $59.99 and the one year low was seen on October 13, 2014. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and impressive record of earnings per share growth. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company has four segments: Analog, Embedded Processing, Wireless and Other. The Company sells catalog and, to a lesser extent, custom semiconductor products.
