Nomura Raises Texas Instruments to Neutral (TXN)

By admin | 6 years ago

Texas Instruments (NYSE: TXN) was upgraded by equities research analysts at Nomura (NYSE: NMR) from a “reduce” rating to a “neutral” rating in a research note issued to investors on Monday.

TXN has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Barclays Capital (NYSE: BCS) reiterated an “equal weight” rating on shares of Texas Instruments in a research note to investors on Tuesday, April 24th.

Shares of Texas Instruments traded down 0.91% during mid-day trading on Monday, hitting $30.33. Texas Instruments has a 52 week low of $24.34 and a 52 week high of $35.63. The company has a market cap of $34.708 billion and a P/E ratio of 19.77.

Texas Instruments last announced its earnings results on Monday, April 23rd. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.03. The company’s quarterly revenue was down 8.0% on a year-over-year basis. On average, analysts predict that Texas Instruments will post $0.53 earnings per share next quarter.

Texas Instruments Inc. (TI) designs and makes semiconductors, which it sells to electronics designers and manufacturers globally.

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