Texas Instruments Stock Rating Reaffirmed by Zacks (TXN)
Texas Instruments (NYSE:TXN)‘s stock had its “neutral” rating restated by Zacks in a report issued on Tuesday, AmericanBankingNews.com reports. They currently have a $47.00 price target on the stock. Zacks‘ price objective points to a potential upside of 5.74% from the company’s current price.
Zacks‘ analyst wrote, “TI is one of the largest suppliers of analog integrated circuits. Fourth-quarter earnings were down sequentially but up year over year. Management also provided a disappointing forward guidance. It appears that TI saw some demand softness in all its revenue segments toward the end of the last quarter. However, the company’s compelling product line, market share gains, strategic refocus on high-growth areas of the analog and embedded processing markets and margin gains are positives. Share prices appear to reflect the still-soft demand, restructuring actions to reduce significant capacity and the risks associated with a high debt level. We therefore reiterate our Neutral rating on the shares.”
TXN has been the subject of a number of other recent research reports. Analysts at Charter Equity downgraded shares of Texas Instruments from a “buy” rating to a “market perform” rating in a research note on Wednesday, February 19th. Separately, analysts at Ned Davis Research upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, analysts at Credit Suisse raised their price target on shares of Texas Instruments to $44.00 in a research note on Wednesday, January 22nd. They now have a “neutral” rating on the stock. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $39.56.
Texas Instruments (NYSE:TXN) traded up 0.09% during mid-day trading on Tuesday, hitting $44.49. The stock had a trading volume of 3,290,984 shares. Texas Instruments has a 52-week low of $33.56 and a 52-week high of $44.83. The stock has a 50-day moving average of $43.03 and a 200-day moving average of $41.56. The company has a market cap of $48.174 billion and a P/E ratio of 23.27.
Texas Instruments (NYSE:TXN) last released its earnings data on Tuesday, January 21st. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.46. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Texas Instruments will post $2.09 EPS for the current fiscal year.
In other Texas Instruments news, VP David Heacock unloaded 70,000 shares of the stock on the open market in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $43.73, for a total transaction of $3,061,100.00. Following the sale, the vice president now directly owns 150,634 shares in the company, valued at approximately $6,587,225. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Texas Instruments Inc (NYSE:TXN) designs and makes semiconductors that the Company sells to electronics designers and manufacturers all over the world.
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