Texas Instruments (TXN) Capital Strategy Call Offers Few Surprises
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Rating Summary:
18 Buy, 23 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 3
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Needham & Company analyst Vernon Essi, Jr. maintained a Hold rating on Texas Instruments (NASDAQ: TXN) following its Capital Strategy saying it offered few surprises.
Essi said, "TI raised its FCF margin during its Capital Strategy call to 20-30%, compared to the previous range of 20-25%, resulting in a 250bps increase at the midpoint. Mgmt noted that TI expects to see particular strength in the Industrial and Automotive end markets, reflected in additional profitability, which is likely to culminate in higher FCF and returns to shareholders. Despite improved product mix and lower-cost manufacturing with higher flexibility, we continue to believe that TXN shares are expensive, and thus we maintain our Hold rating."
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 $44.99 yesterday.
Essi said, "TI raised its FCF margin during its Capital Strategy call to 20-30%, compared to the previous range of 20-25%, resulting in a 250bps increase at the midpoint. Mgmt noted that TI expects to see particular strength in the Industrial and Automotive end markets, reflected in additional profitability, which is likely to culminate in higher FCF and returns to shareholders. Despite improved product mix and lower-cost manufacturing with higher flexibility, we continue to believe that TXN shares are expensive, and thus we maintain our Hold rating."
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 $44.99 yesterday.
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