Nomura Securities Maintains a 'Reduce' on Texas Instruments (TXN); Slightly Raising Numbers After Q1 Report
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Price: $279.58 +2.25%
Rating Summary:
24 Buy, 22 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 22 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Reduce' on Texas Instruments (NASDAQ: TXN) price target raised from $28 to $30.
Analyst, Romit Shah said, "Adjusted EPS of $0.29 was $0.02 above our estimate due to higher gross margin. Q2 EPS guidance is $0.40 vs. our estimate of $0.39 and consensus of $0.40. Revenue guidance of +10% is slightly better than normal seasonal growth of 8-9%. We are encouraged by the improvement in bookings and backlog. However, we are concerned that the core wireless business will remain a drag in the future. Our 2012E/2013E EPS increases from $1.74/$2.15 to $1.78/$2.20, respectively...At 15x CY13 EPS we would be more constructive on a pullback."
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 $31.89 yesterday.
Analyst, Romit Shah said, "Adjusted EPS of $0.29 was $0.02 above our estimate due to higher gross margin. Q2 EPS guidance is $0.40 vs. our estimate of $0.39 and consensus of $0.40. Revenue guidance of +10% is slightly better than normal seasonal growth of 8-9%. We are encouraged by the improvement in bookings and backlog. However, we are concerned that the core wireless business will remain a drag in the future. Our 2012E/2013E EPS increases from $1.74/$2.15 to $1.78/$2.20, respectively...At 15x CY13 EPS we would be more constructive on a pullback."
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 $31.89 yesterday.
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