UBS Cuts Numbers on Texas Instruments (TXN); Predictions Find Truth
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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!
UBS maintains a 'Neutral' on Texas Instruments (NASDAQ: TXN) price target of $28.00 (from $30.00).
Analyst, Uche Orji, said, "Inline 2Q, but 3Q outlook much worse than expected on macro concerns...For 3Q, we now forecast Rev/EPS(pf) of $3,341m/44c, vs. prior of $3,487m/48c. For 2012, our new Rev/EPS (pf) estimate is $13,098m/$1.69 vs. prior of $13,343m/$1.68. For 2013, we lower our Rev/EPS(pf) estimate to $13,814m/$1.92 from $14,119m/$2.04, due to slower revenue growth and lower gross margin expansion, as utilization will continue to be low."
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 $26.82 yesterday, with a 52 week range of $24.34-$34.24.
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Analyst, Uche Orji, said, "Inline 2Q, but 3Q outlook much worse than expected on macro concerns...For 3Q, we now forecast Rev/EPS(pf) of $3,341m/44c, vs. prior of $3,487m/48c. For 2012, our new Rev/EPS (pf) estimate is $13,098m/$1.69 vs. prior of $13,343m/$1.68. For 2013, we lower our Rev/EPS(pf) estimate to $13,814m/$1.92 from $14,119m/$2.04, due to slower revenue growth and lower gross margin expansion, as utilization will continue to be low."
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 $26.82 yesterday, with a 52 week range of $24.34-$34.24.
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