Barclays Adjusts Estimates on Texas Instruments (TXN); Tightening of June Quarter was Expected
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Price: $35.75 -0.67%
Rating Summary:
11 Buy, 23 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Rating Summary:
11 Buy, 23 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Trade TXN Now!
Barclays maintains an 'Equalweight' on Texas Instruments (NASDAQ: TXN) price target of $35.00.
Analyst, C.J. Muse, said, "Reflecting conservatism, we now model a more seasonal 2H which drives our CY12 estimates to $13.7B/$1.75 (old $13.9B/$1.85, consensus $13.7B/$1.80). Looking to CY13, we now model $14.5B/$2.25 (old, $14.6B/$2.30, consensus $14.9B/$2.38)."
Muse says focus will remain on the company's performance/seasonality for the second part of the year, wireless growth for the second half of the year, and gross margin leverage. Shares look more attractive after the recent dip in share price.
For an analyst ratings summary and ratings history on Texas Instruments click here. For more ratings news on Texas Instruments click here.
Shares of Texas Instruments closed at $27.65 yesterday, with a 52 week range of $24.34-$34.24.
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Analyst, C.J. Muse, said, "Reflecting conservatism, we now model a more seasonal 2H which drives our CY12 estimates to $13.7B/$1.75 (old $13.9B/$1.85, consensus $13.7B/$1.80). Looking to CY13, we now model $14.5B/$2.25 (old, $14.6B/$2.30, consensus $14.9B/$2.38)."
Muse says focus will remain on the company's performance/seasonality for the second part of the year, wireless growth for the second half of the year, and gross margin leverage. Shares look more attractive after the recent dip in share price.
For an analyst ratings summary and ratings history on Texas Instruments click here. For more ratings news on Texas Instruments click here.
Shares of Texas Instruments closed at $27.65 yesterday, with a 52 week range of $24.34-$34.24.
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