Canaccord Genuity maintains a 'Hold' on Texas Instruments (TXN); Cutting Number on Lowered Outlook
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Price: $264.36 -0.47%
Rating Summary:
24 Buy, 22 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
24 Buy, 22 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Texas Instruments (NASDAQ: TXN) price target lowered from $34 to $32.
Analyst, Bobby Burleson, said, "Wireless (mainly OMAP) demand prompted a reduced Q1 outlook for TXN's mid-quarter update last night. We remain concerned that TXN could lose apps processor share in tablets in coming quarters as Amazon introduces updated models mid year...We were modeling GAAP EPS of $0.20 and consensus was modeling (Q1) non-GAAP EPS of $0.31 (excluding $0.10 impact from NSM acquisition related charges).
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 $32.60 yesterday.
Analyst, Bobby Burleson, said, "Wireless (mainly OMAP) demand prompted a reduced Q1 outlook for TXN's mid-quarter update last night. We remain concerned that TXN could lose apps processor share in tablets in coming quarters as Amazon introduces updated models mid year...We were modeling GAAP EPS of $0.20 and consensus was modeling (Q1) non-GAAP EPS of $0.31 (excluding $0.10 impact from NSM acquisition related charges).
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 $32.60 yesterday.
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