Brokerage firm Bernstein Maintains its rating on Texas Instruments Incorporated(NASDAQ:TXN). In a research note issued to the investors, the brokerage major Raises the price-target to $70.00 per share. The shares have been rated Market Perform. The rating by Bernstein was issued on Jul 26, 2016.
In a different note, CLSA said it Initiates Coverage on Texas Instruments Incorporated, according to a research note issued on May 17, 2016. The shares have been rated ‘Underperform’ by the firm. On Apr 28, 2016, B. Riley said it Maintains its rating on Texas Instruments Incorporated. In the research note, the firm Raises the price-target to $55.00 per share. The shares have been rated ‘Neutral’ by the firm.
Texas Instruments Incorporated (TXN) shares turned negative on Fridays trading session with the shares closing down -0.48 points or -0.68% at a volume of 79,63,050. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $70.465. The peak price level was also seen at $70.465 while the days lowest was $69.63. Finally the shares closed at $69.75. The 52-week high of the shares is $72.5801 while the 52-week low is $43.49. According to the latest information available, the market cap of the company is $70,045 M.
Texas Instruments Incorporated(TXN) last announced its earnings results on Jul 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.27B. Analysts had an estimated revenue of $3.20B. Earnings per share were $0.76. Analysts had estimated an EPS of $0.73.
Several Insider Transactions has been reported to the SEC. On May 18, 2016, Brian T Crutcher (Executive Vice President) sold 34,126 shares at $57.99 per share price.Also, 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 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.