Nomura Gives Neutral Rating to Texas Instruments (TXN)
A number of other firms have also recently commented on TXN. Analysts at Zacks reiterated a “neutral” rating on shares of Texas Instruments in a research note to investors on Thursday, May 17th. They now have a $31.00 price target on the stock. Separately, analysts at Macquarie downgraded shares of Texas Instruments from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, May 1st. Finally, analysts at Wells Fargo & Co. (NYSE: WFC) reiterated a “market perform” rating on shares of Texas Instruments in a research note to investors on Tuesday, April 24th.
Texas Instruments opened at 27.475 on Tuesday. Texas Instruments has a 1-year low of $24.34 and a 1-year high of $34.24. The company has a market cap of $31.441 billion and a price-to-earnings ratio of 17.75.
Texas Instruments last released its earnings data on Monday, April 23rd. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.03. Texas Instruments’s revenue was down 8.0% compared to the same quarter last year. Analysts expect that Texas Instruments will post $0.52 EPS next quarter.
Texas Instruments Inc. (TI) designs and makes semiconductors, which it sells to electronics designers and manufacturers globally.