Nomura Securities Reduces PT and Estimates on Texas Instruments (TXN); Going With Our Gut
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Price: $36.60 -0.08%
Rating Summary:
11 Buy, 23 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
11 Buy, 23 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade TXN Now!
Nomura Securities maintains a 'Neutral' on Texas Instruments (NASDAQ: TXN) price target of $32.00 (from $34.00).
Analyst, Romit Shah, said, "TI maintained the mid-point of its revenue/GAAP EPS guidance for Q2 of $3.35bn and $0.34, respectively, but comments for the second half of the year seem guarded given the macro backdrop. Management noted that customers do not have the motivation to replenish inventory. Our gut feeling at this point is that Q3 is up mid single digits vs. normal seasonal of up 10%. Our 2012E/2013E EPS declines from $1.78/$2.20 to $1.67/$2.10."
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, Romit Shah, said, "TI maintained the mid-point of its revenue/GAAP EPS guidance for Q2 of $3.35bn and $0.34, respectively, but comments for the second half of the year seem guarded given the macro backdrop. Management noted that customers do not have the motivation to replenish inventory. Our gut feeling at this point is that Q3 is up mid single digits vs. normal seasonal of up 10%. Our 2012E/2013E EPS declines from $1.78/$2.20 to $1.67/$2.10."
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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