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RBC Capital Raises Price Target as Texas Instruments (TXN) Reports 3Q EPS Beat

October 22, 2015 10:49 AM EDT
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Price: $169.21 -1.92%

Rating Summary:
    18 Buy, 23 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 4 | New: 35
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RBC Capital reiterated an Outperform rating on Texas Instruments (NASDAQ: TXN), and raised the price target to $60.00 (from $58.00), following the company's 3Q15 earnings results. TXN reported results that were above expectations with revenues/EPS of $3.43B/ $0.76 vs. Street at $3.28B/ $0.68. TXN expects revenue/EPS of $3.07-$3.33B/$0.64-$0.74 vs. Street at $3.12B/$0.62 in 4Q.

Analyst Amit Daryanani commented, "TXN reported Sept-qtr results of $3.43B/ $0.76, which was above Street expectations on the revenue/EPS lines (Street at $3.28B/ $0.68). TXN guided revenues/EPS above Street expectations for the Decqtr at $3.07-3.33B/$0.64-$0.74 ($3.20B/$0.69 at the midpoints) vs. Street at $3.12B/$0.62."

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 $51.90 yesterday.



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