Texas Instruments (TXN) – Analysts’ Recent Ratings Updates
A number of firms have modified their ratings and price targets on shares of Texas Instruments (NYSE: TXN) recently:
- Texas Instruments was downgraded by analysts at Longbow Research from a “neutral” rating to an “underperform” rating.
- Texas Instruments had its price target lowered by analysts at Canaccord Genuity from $28.00 to $25.00. They now have a “hold” rating on the stock. They wrote, “We remain HOLD rated on TXN and lower our estimates and price target following the company’s guidance below consensus. We believe the analog vertical market will remain price competitive and track below seasonal demand, likely requiring further reductions to our estimates.”
- Texas Instruments had its “overweight” rating reaffirmed by analysts at – JPMorgan.
- Texas Instruments was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating.
- Texas Instruments had its “underperform” rating reaffirmed by analysts at – Exane BNP Paribas.
Texas Instruments traded down 0.50% on Wednesday, hitting $27.70. Texas Instruments has a 52-week low of $26.06 and a 52-week high of $34.24. The company has a market cap of $31.046 billion and a price-to-earnings ratio of 18.30.
Texas Instruments Inc. (TI) designs and makes semiconductors, which it sells to electronics designers and manufacturers globally.