FBR Capital Raises Price target on Texas Instruments (TXN) Following 3Q EPS Beat

Sterne Agee CRT Raises Price target Following Texas Instruments (TXN) 3Q EPS Beat

October 22, 2015 11:07 AM EDT

Sterne Agee CRT reiterated a Buy rating on Texas Instruments (NASDAQ: TXN), and raised the price target to $63.00 (from $60.00), following the company's 3Q earnings results. TXN reported revenue/GM/EPS of $3.43B/58.2%/$0.76, well above consensus of $3.28B/58.2%/$0.68. At the midpoint TXN guided revenue/EPS to... More

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

October 22, 2015 10:49 AM EDT

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... More

Cowen Raises Price Target on Texas Instruments (TXN) Following 9c EPS Beat

October 22, 2015 9:12 AM EDT

Cowen reiterated a Market Perform rating on Texas Instruments (NASDAQ: TXN), and raised the price target to $59.00 (from $58.00), following the company's 3Q15 earnings results. EPS was reported at $0.76, $0.09 above the Street's estimates.

Analyst Timothy Arcuri commented, "While TXN is certainly not blind... More

Wedbush Raises Price Target Following Texas Instruments (TXN) 3Q EPS Beat

October 22, 2015 8:03 AM EDT

Wedbush reiterated an Outperform rating on Texas Instruments (NASDAQ: TXN), and raised the price target to $60.00 (from $55.00), following the company's 3Q15 earnings results. Q3 GAAP EPS of $0.76 on revenue of $3.43B (+6% Q/Q) was well above the Street estimates of $0.67 and $3.28B.

Analyst Betsy... More

B. Riley Downgrades Texas Instruments (TXN) to Neutral

October 22, 2015 7:11 AM EDT

B. Riley downgraded Texas Instruments (NASDAQ: TXN) from Buy to Neutral with a price target of $58.00 (from $55.00).

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.

... More

S&P 500 ends at highest in two months; Alphabet up after hours

October 22, 2015 7:00 AM EDT

By Caroline Valetkevitch

(Reuters) - The S&P 500 closed at its highest in two months on Thursday as stronger-than-expected earnings from several top companies, including McDonald's, relieved investors' concerns about the profit outlook.

Buying accelerated after the close, with broad gains in tech and other companies that reported results, including Alphabet (NASDAQ: GOOGL), up 9.6 percent at $746.78, and Microsoft (NASDAQ: MSFT), up 7.2 percent at $51.50. Amazon (NASDAQ: AMZN) rose 10.6 percent to $623.75 after it posted results.

Nasdaq 100 futures jumped after the close... More

Susquehanna Raises Price Target as Texas Instruments (TXN) Reports 12c EPS Beat

October 22, 2015 6:58 AM EDT

Susquehanna reiterated a Neutral rating on Texas Instruments (NASDAQ: TXN), and raised the price target to $55.00 (from $50.00), following the company's 3Q15 earnings results. TXN reported revenue of $3.43 bln, ahead of consensus of $3.28 bln. EPS of $0.76 was well ahead of $0.68 consensus.

Analyst Chris Caso... More

After-Hours Movers 10/21: (OCLR) (TXN) (EBAY) Higher; (CYH) (NOW) (AXP) Lower (more...)

October 21, 2015 6:09 PM EDT

Oclaro (NASDAQ: OCLR) 20.4% HIGHER; reported preliminary results for its first quarter of fiscal year 2016. The Company announced that it expects first quarter results to exceed its previously provided financial guidance. The Company's financial guidance was last provided on August 4, 2015. For the first quarter of fiscal year 2016, Oclaro expects: Revenues to be approximately $87.5 million, at the high end of the range previously provided. (The Street sees $85.6 million.)

Community Health Systems (NYSE: CYH) 15.5% LOWER; announced preliminary financial and... More

Market Wrap: Citron Slams Valeant; Biden Pulls Out of Presidential Race; Twitter Clipps on Downgrade

October 21, 2015 5:28 PM EDT

Market wrap for October 21st

End of the Day: S&P 500 down 11.8 to 2,018.94; Dow Jones down 48.5 to 17,168.61; Nasdaq down 40.9 to 4,840.12

Market Brief: Markets were largely mixed most of Wednesday's trading session, but ended lower as the slump in Valeant shares weighed on the pharmaceutical segment.

Joe Biden said he wouldn't be running for U.S. president.

Western Digital affirmed recent speculation and announced a deal to acquire SanDisk.

CIT CEO John Thain announced his retirement.

Several key earnings announcements... More

Texas Instruments (TXN) Tops Q3 EPS by 8c; Issues Strong Q4 EPS Outlook

October 21, 2015 4:31 PM EDT

Texas Instruments (NASDAQ: TXN) reported Q3 EPS of $0.76, $0.08 better than the analyst estimate of $0.68. Revenue for the quarter came in at $3.43 billion versus the consensus estimate of $3.28 billion.

Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments:

"Revenue declined 2 percent from a year ago. While our overall demand remained weak, revenue was stronger than we expected."Our core businesses of Analog and... More