Texas Instruments (TXN) Updates Q4 Earnings Guidance
Texas Instruments (TXN) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.29-0.37 for the period.
Texas Instruments (TXN) traded down 0.07% on Monday, hitting $27.79. Texas Instruments (TXN) has a 1-year low of $26.06 and a 1-year high of $34.24. The company has a market cap of $31.618 billion and a price-to-earnings ratio of 20.37.
Texas Instruments last released its earnings data on Monday, October 22nd. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.06. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts expect that Texas Instruments (TXN) will post $1.65 EPS for the current fiscal year.
A number of research firms have also recently commented on TXN. Analysts at Longbow Research downgraded shares of Texas Instruments from a neutral rating to an underperform rating in a research note to investors on Wednesday, October 17th. On a related note, analysts at Credit Suisse downgraded shares of Texas Instruments from an outperform rating to a neutral rating in a research note to investors on Thursday, October 11th. They now have a $26.00 price target on the stock, down previously from $32.00. Finally, analysts at Barclays Capital reiterated an equalweight rating on shares of Texas Instruments in a research note to investors on Wednesday, October 10th.
Texas Instruments Inc. (TI) designs and makes semiconductors, which it sells to electronics designers and manufacturers globally.
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